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Technology Stocks : Stock Swap
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To: Papillon who wrote (12900)3/23/1998 4:53:00 PM
From: Andrew Vance  Read Replies (3) of 17305
 
*AV*--Well, they disappointed earnings which were accounted for due to a blizzard. That is a one time occurrence. Albeit, it did disappoint the street. However, the restructuring to save $2.2M looked good to me and trying to sell a stake in the ocmpany to raise a cash dividend of $12.50 looked awesome to me, unless I am reading it incorrectly.

It must be too obvious an error on my part but owning a $30 stock that will pay me a $12.50 dividend looks attractive unless the stock will plummet the $12.50 after the pay out.

In the timing category, I am sitting on pins and needles. I was not paying attention to DRQ today so I did not get out in time before the market closed. The AV rule of thumb is to take 20% or more in profits when it presents itself in one day. Well, DRQ made a major move today and I am still holding. It is history tomorrow at the open.

Andrew
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