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Technology Stocks : Stock Swap
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To: Trader X who wrote (16170)2/4/1999 5:15:00 PM
From: Andrew Vance   of 17305
 
*AV*-- I like your number since it is probably more realistic. WAVX triggered an LLT and we are waiting for a bottom to form with a slight up-tick. I appreciate your inputs and insights relative to the charts.
I would hazard a first guess that we should not try to catch a falling knife and recognize this stock has come a great distance in a short period of time. My price was based more on retracing gains previous made. I would love to see $7 as the target but anything in the $7-$9 range should be considered an exceptional opportunity. However, I need to qualify this last statement with, "If you seriously believe that metering technology is the wave (no pun intended) of the future for e-commerce relating to games, music, movies and other types of entertainment."

AV

BTW - When you look at our conversation we might be both correct. Playing the WFR seesaw is becoming profitable while ASYT and CYMI turned out ot be wise trades. Globally, the tech sector did take it in the chin. Again, even in a down market, being in the correct stocks allows you to profit even in a downturn. Major focus has been placed in the stocks that held their own or actually advanced these past few days. Now the extra cash we generated by playing this volatility can be used to purchase the stocks that declined in price these past few days. A win-Win situation, if you ask me.

Andrew
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