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Technology Stocks : GALT - Galileo Technology
GALT 5.730-0.5%Nov 28 9:30 AM EST

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To: KellyW who wrote (84)6/3/1998 3:58:00 PM
From: Matthew  Read Replies (1) of 584
 
This sell off is way over done but it is not done yet.
The price is in free fall with very little support along the
way. I do not know when but sooner rather than later you
will see it spring back to the mid twenties when even a few
funds scoop up this fire sale.

I first got in at 29 1/2.
Bought more at 23 1/2.
Bought more at 19 1/2.
Bought more at 17 3/4.
Each purchase was for the same number of shares.
Will by more at mid 16 if we get there. (looks like we might)
I know you cannot catch a falling knife but I also know
that it is very hard to catch the bounce.

What does the thread think. Am I foolish or brave?
Before you answer, know I am a customer of GALTF
and that the above position represents less than 1% of
my equity portfolio.

Cheers.

Good luck to the longs and congratulations to the shorts.
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