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Non-Tech : HMT TECHNOLOGY - UNDISCOVERED YET!
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To: Mark Adams who wrote (2087)12/11/1998 11:28:00 AM
From: Ludo  Read Replies (1) of 2253
 
I sold the last of my holdings in HMT last week, so I didn't participate in today's rise. I wanted to reduce my exposure to the market when DJIA breached a new high. I plan to re-enter, hopefully when some sanity returns.
Given the strength in DDX and SOX, that may be happening as rotation into undervalued sectors certainly makes sense to me.

Do you think low 12's are a good entry point? Seems to me that HMT tech has been bashed a bit in the last 3 days, even considering it was hyped a bit more (sic) the week before. Do you think sanity has returned yet? We touched 11, but with very low volume. Even this morning volume is low.

I took a small position this morning, but I'm still unsure if I want to commit more money to this one now. My feeling is that the volcano is not dead, only asleep for a few days. But vulcanology is such an imprecise science ;-)

Ludo
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