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Technology Stocks : Stock Swap

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To: Trader X who wrote (16188)	2/11/1999 6:31:00 AM
From: Andrew Vance	Read Replies (1) of 17305

AV -- we had a $12 LLT on WAVX from the newsletter which triggered the exit. You and I discussed this stocks and you had a lower price than I had so I decided to follow this down to the bottom and look for the uptick. The position is small but with it closing at $9, I have a LLT inplace at $8.50 just in case. Autopilot with autolock of profits. I think they were over sold in this last few days of market mayhem. Same holds true for BCST that we were watching for an entry at $120 or below. We waited and waited and finally today in dropped to $101.50 before turning, what seemed to be a corner. Entry at $110 looked good since it hit that level a few times. So, in for the ride. We had a sub $60 entry for UBID but most of us did not act on it, even though it dipped to $54 intr-day. for the most part we are being defensive and picking specific stocks that we have previous targeted and determined entry prices. Patience is paying off. AV

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