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Technology Stocks : PC Sector Round Table

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To: Yogi - Paul who wrote (1515)3/5/1999 2:30:00 PM
From: Mark Oliver  Read Replies (1) of 2025
 
Why sell T? Probably shouldn't have, but I want to reduce my margin and I live from trading, so I try to take a profit when I can. I still have some Jan 60 leaps which I can sit on. This share purchase was intended to be a short term trade. I thought when it was in the mid 90's, that it would cross 100 and then I'd profit. Well, turned out it dropped below my buy price and today I had a chance to get 5 points so I took it.

I know you don't agree, but I don't want to get too far out on a limb as I feel the market will have many moments of emotional crisis in the remainder of this year and I want to have the money to buy when the good stocks are down.

I bought some Hutchinson today. Only 500 shares. I'm very curious about Lernout & Hauspie at these levels, but their accounting issues are very disturbing.

Regards,

Mark
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