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Technology Stocks : Vari-L (VARL)

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To: FIFO_kid2 who wrote (587)	12/17/1997 4:23:00 PM
From: Gregory DeMoully	Read Replies (1) of 2702

JJB, Congrats!, I got back in to VARL at $7 1/2 for 3400 shares. I agree the situation had gotton quite rediculous. Just goes to show you that what the market is willing to pay for a stock often has nothing to do with underlying value. Based on fundamentals, VARL is a $12 to $15 dollar stock. Another example: today I bought several thousand APSG at $14 1/4. The low 14's are just a short term blip for APSG due to "sell on news" mentality. APSG will easily go to $25 within six months, maybe higher. As for quitting your job and SOESing: Statistically, your chance of success is probably less than 50%. If I were you, I would put half your money in a 6 month CD so you can't get at it, and be prepared to slowly loose the other half. Maybe you will be the exception, will find that day trading agrees with you, and will make a lot of money. Inless you try you will never know. Good luck. Greg

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