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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 173.79-1.2%Dec 30 3:59 PM EST
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To: FJB who wrote (4653)2/1/1998 10:57:00 AM
From: Mason Barge  Read Replies (2) of 10921
 
<<I hope you're making some big bucks>>

Nah, making decent money but my discipline forces me to hedge so that I always give some back. I made a bunch on PRIA by buying when it dipped under 23, but I had to short something to keep from getting nailed by a bid sector dip. So I made over 20% on the PRIA but I gave back half by shorting TER when it hit 36 1/2.

I've pretty much stopped doing it though -- it takes too much work. TO be effective you have to watch the market all day.

I'm basically long for the duration of the cycle in ESIO, and starting to accumulate ASYT, although I'll trade shares like ASM with continuous fluctuation. But I don't want to find myself short anymore stocks I really like, such as TER. That hurt. In other words, I might buy ASM at 66 and sell at 72, but I'm not shorting it any more, even if it goes to 80.

I do have short term positions in SFAM and SMTL, bought on dips. I may hold the SFAM long-term, actually, I love the company. I only got the SMTL because I think any price under $12 is downright silly, even considering its current and potential problems, and I feel certain I can sell it for 13 1/2 at some point in the next month or two.
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