Bosco & Crossy's stock picks,talk area Message Board

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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Bosco who wrote (2245)	11/10/1997 9:37:00 PM
From: Crossy	Read Replies (2) of 37387

Dear Bosco, sorry for Your APM position. Got hit with WDC myself but dumped them at $24. Today they tanked further, now at $21. Anyway, WDC @ $15 could be a nice buying opportunity if it ever got that low (old support). My RDRT was hit too, but failed a little better, no analyst downgrades. Seems to be more on the future upside because of their more advanced MR position (and GMR to be added soon thanks to IBM's technology licensing scheme). On SEG I don't know yet where the floor is (since they are vertically integrated). This puts my purchasing plans on STMD & SFLX on hold. They should get hit further. The madman could serve some bullish purpose actually. Remember how the market reacted after gulf war started ?? Don't wish that to happen (dont like turmoil) but the consequences to the market should be manageable. This market is spitting out excuse after excuse to correc. "Hong Kong woes" because of a dollar peg of a tiny fraction of world trade. Are we on the Moon ? This exuberrance will end and I bet the Buffet's and Soros are just starting to buy selectively. With interest rates that low money will soon pour into technology again. My experience from Black October ? Hedge Your bets - buy index puts if Your portfolio climbes that far that fast. BTW: techweb had an Article on RTP (Rapid Thermal Processing) from Aug/September that cites this niche to grow 38% in revenues this year. This could mean turnaround completed for companies like AGAI. Those small-cap plays should ignite AFTER the market reversed to the upside, so I could only advise to go long after such companies AFTER the NASDQ bellweathers are showing signs of strengths: techweb.cmp.com best wishes CROSSY BTW: Will put APM on my watchlist again.

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