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Technology Stocks : ADE Corp.

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To: robert b furman who wrote (292)	10/1/1998 11:33:00 AM
From: David Semoreson	Read Replies (1) of 346

As I said, I had been selling just about everything I have on Monday, some more on Tuesday ... and buying puts on the index. I still had 1,000 COHU that I asked 17 5/8 monday that didn't get filled. Last night at 3am I decided to bail on the rest irrespective ... real panic selling which is usually not my style. The bid was 16 1/4 (2400 shares) and ask was 17 (100). Rather than pressing my luck (like I did on Monday) I hit the bid. And I'm out. Minutes later the bid was 15 5/8 and the ask was 16 1/2, so someone took out the rest of the bid. Now trading 15 1/2 - 15 5/8. The worst is yet to come, but long term this is a great company. I'm only holding the stuff thats hit rock bottom (cash on hand). Feeling hugely pessimistic and wishing I bought more puts as they have doubled since Monday, and will double again before the month is over IMHO. Keep selling cars ... Good luck, ** David

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