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Technology Stocks : TECD - Tech Data

TECD 144.90

0.0%

Jun 30 5:00 PM EST

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To: Dale Stempson who wrote (516)	3/31/1999 1:13:00 PM
From: Sun Tzu	of 584

>>...it's almost impossible to time buying at the bottom... Ehmmm...I'd say it is hard but not impossible. If you'd followed my posts (as few as they were) you'd notice that I bought into the sell off at ~20 and identified the fair value of $28 but decided that the market dynamics dictate to sell into the bounce off ~25. I further said that the bottom was ~15. I am happy to report that I bought 1000 shares at 17 and another 2000 yesterday in anticipation of upside surprise. That the analysts called $28 (same as my analysis) their target price was just the gravy. In short, waking up to days like this makes me very happy (not to mention that my other big position, LSI also jumped 4 points today). Where to from here? If the market conditions improve we can expect low to mid 30 by Jul.~Aug. Otherwise, 25~28 is my take on it. I don't expect a rapid ascent, so selling covered calls may be a good strategy if you intend to hold for the whole ride. BTW, if you are interested in what my crystal ball shows for the future, read the Art of Investing thread. Here is an article of some recent picks techstocks.com Congratulations to all on a great day, Sun Tzu

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