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Technology Stocks : RGFX Raster Graphics

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To: MellB who wrote (525)3/17/1998 9:13:00 PM
From: Bilow  Read Replies (1) of 593
 
Hi Mell; I like to trade dead cat value stocks. The stock
for today was BIKE, the only thing unattractive to it was
the P/B of about 2.0. Unfortunately, I woke up too late and
didn't buy it at the bottom. I try to avoid chasing stocks
up, so I'm not in it. But it had a nice pop at the close.

This market setting new highs on lousy earnings for important
companies scares me. Cash has no volatility, and that's what
I'm in right now. Got crushed on some puts last week, but
this market has gone to mania mode. It's going to be fun
to pick up the pieces later. The big question is how long
that will be.

P.S. I've been in a mode where I sell my stocks before a
week has gone by whether they are up or down. The hardest
thing for me in investing is taking small losses, instead
of praying for a market turn. And with the market as a
whole so over-valued, praying for a turn is a mode I am
afraid right now of getting myself into. The 1-week limit
prevents it. So I took about a point loss on the last
600 shares of my HRSH position. (It was still going down
the last I looked.)

-- Carl
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