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Technology Stocks : Stock Swap

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To: stox19 who wrote (13466)	4/27/1998 5:44:00 PM
From: Andrew Vance	Read Replies (1) of 17305

AV--I have all the PAIR I care to own in my portfolio presently. At these prices I would recommend the stock to a new investor who is looking for a good entry point into this stock. I am very cautious and careful in regards to IOM. I never expected it to drop into the low 6s recently. It took a good average down in IOM to allow me to exit most of my positions at a net profit. I have a very small position now and have a wait and see approach. At the present price of $8.25, I can give you no clear reason as to why it couldn't retest the $6.50 level once again. For that reason I would not be encouraging anyone to get into this stock at this point in time. I am waiting to see it breakdown into the mid to low 7s before contemplating another foray into this stock. Keep in mind that I have played this stock rather poorly when compared to some of the other investors on this thread. I have missed many good runups (and then again the same amount of breakdowns) along with 1 or 2 splits. CYMI-I just posted that I was re-establishing more of a position here in CYMI. I am trying to build a long term profit here along with a nice tradeable block of stock. Based on your exact numbers, I would be looking for a sub $7.50 average down position in IOM and exit at a minor profit as it turns around. I would not touch PAIR or add to any position. You have a great price even though it may not look that good now. At your entry price, I do not think it worth it to average down unless PAIR falls below $17. Hopefully we will not see levels like that. On CYMI, Well, I say its time to roll the dice once more on this company. I think you might get another nice pop in a few weeks from 22.5 to close to 26 for the aggressive investor. I will say that I strongly believe we could get another pre-earnings run up on CYMI (hopefully in the real high 20s) within the next 11 weeks preceding their earnings release. This is what I am gambling on for myself. Andrew

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