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Technology Stocks : Stock Swap

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To: DD™ who wrote (508)	2/24/1997 10:39:00 AM
From: Andrew Vance	of 17305

AV--CFMT--I hear you loud and clear. At sub 30, my strategy today (key word is today), would be averaging down for the long haul at each $2.50 increment after $28. This is my 20 years of industry experience and "analysts be damned". CFMT is one of the top technology enablers for advanced technology. I may be buying down to the teens and prove all the opponents to trading down correct. Their arguments are stellar for not averaging down. Their rationale is beyond reproach but for the long term, this company will comeback strong. I could have made a lot of money between the time WDC went from 16 to 76 but holding onto to all of it (I did sell a majority on the way up) would have been a fantastic gain. Sure, when it started to go up, it never turned back and may not be a good example. However, as Jeff Mitchell has stated, your best investment is in yourself. I beleive in myself and I beleive in my industry. Enough to put my money where my mouth is on this one. CFMT is one of 5 "bet the farm" type stocks so I am not asking anyone to follow me into this venture. This is nothing more that a show of confidence in oneself and in one's industry. Regards Andrew

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