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Biotech / Medical : AFFYMETRIX (AFFX)

AFFX 14.01

0.0%

Apr 1 5:00 PM EST

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To: Andy Patton who wrote (773)	8/29/1998 1:43:00 AM
From: rairden	Read Replies (1) of 1728

I took a nibble at AFFX on July 30 at $27 and it's turned into a case of indigestion. Seemed like a good idea at the time, diversification out of semiconductors. Fortunately it wasn't much; unfortunately most of my other holdings have done worse. Buying AFFX here at $18 would be trying to catch a falling knife. Tried that recently with LSI Logic around $18 and now they're 12 and change. It'll take more patience to reach the bottom of this market. I'll hold what I got and take my lumps. This will keep me paying attention for when the turnaround comes. Regarding SI thread activity as an indicator -- I've seen others speculate along those lines. But many threads with dwindling posts never recover. It looks more like stock activity is a predictor of SI thread activity, not vice versa. (I got sidetracked while editing this note and just now saw JFQ's post come in with same "falling knife" concept.)

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