IBM Message Board - Msg: 2934587

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Technology Stocks : IBM

IBM 305.75

+0.3%

Nov 14 9:30 AM EST

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To: moose who wrote (1966)	12/11/1997 12:47:00 AM
From: Greg Jung	Read Replies (1) of 8218

I'm already in egls recently at 18 5/8! This one will take a while to get back at 25-30 level, but it should pop back above 18. I'm in Cymi also at 35, 30, 26, 23, etc. The only maneuvering I can do is just start making payments to pay down the margin account like I was buying a car. Hopefully one of my positions pop while everything else stays down, but that usually doesn't happen - if good news can move a stock, its a favorable market not like the tech market today. Since you have the money I might invest vicariously by suggesting two others to look at: XYLN networker a little now but look especially in February after the Cisco crash. Holding near 19 now but I suppose more weak days may be ahead. Hit 13 near Oct 28. HLIT sells fiber optic plumbing - infrastructure needed to convert the Cable Guy to the Internet Guy. Was ranging 18-21 took earnings hit to 13. Happy shopping, I think maybe we get bargain hunters today and an up-market next week, after that it may get hit harder. And especially if next week isn't up, turn away! I'd stay away from calls they are very expensive - a 3-month call can often only give 5x leverage over buying stock - and the stock is so cheap but it may stay cheap awhile, yeah thats what is always said but this time its different - hey another repeated phrase! Good luck. Greg

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