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Technology Stocks : USRX
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To: Rosemary who wrote (13463)2/26/1997 6:06:00 PM
From: damniseedemons   of 18024
 
Rosemary,

I bought DELL for a trade, not an investment.

I agree that DELL is a great company. But remember what happened to Intel after they reported earnings in January? They crushed estimates--just like DELL--yet the stock was down over the next couple of days.

There was a much greater chance that DELL would go down, not up. The odds were not in your favor--so consider yourself lucky (and I was unlucky).

>Also, I bought in to USRX two weeks ago because I heard they were shipping on the 24th. Why were you selling?>

Two weeks ago? That means you didn't make such a hot trade. COMS bailed you out.

I sold USRX at ~$69. I love the company, but I thought the stock would go down (same with the rest of the market--have you been reading my posts?) for a number of reasons. I had planned to buy it back within a few months at a cheaper price. That didn't work out, but only because USRX is getting bought out. Otherwise, my strategy was working.

Good luck.

Sal Habash
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