S3 (A LONGER TERM PERSPECTIVE) Message Board

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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)

SIII 0.0001000

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May 12 5:00 PM EST

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To: Don Earl who wrote (11007)	5/21/1998 3:46:00 AM
From: R Stevens	Read Replies (1) of 14577

Don, "I'm a little surprised at todays tech action also." Exactly! I hope I have learned that when things don't go the way I expect them to go, then I need to change my overview. When NeoMagic dropped after an excellent quarter I got mildly burned before I could get out. When the market went down after the Fed announcement I took that as a another bearish sign. So this morning when Dell didn't open up with strength,(a gap up or a sustained rally) I went short based on the NeoMagic experience and the Fed results. However, I would not be surprised by another short term rally in the market. What we do know for sure is there is uncertainty, so we need to trade accordingly...ie: take profits sooner, be very cautious on the long side since the uncertainty is at a market top, etc... Re:S3...I plan on taking a bigger position after the overall market condition becomes clearer.

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