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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (7943)	7/1/1999 12:07:00 PM
From: Thomas J Pittman	Read Replies (1) \| Respond to of 10921

Ian, My recollection was that the earnings swung so wildly that we ended up concluding that psr was a better ratio to use. I am glad you mentioned this, though, since I am currently trying to resurrect my memory regarding all of those historical ranges for peg, psr, pe, etc, since my holdings have done well. Cary visited the lrcx thread last week and mentioned his current sell points, but I am not clear what they were based on. Many thanks, J

To: Ian@SI who wrote (7943)	7/1/1999 1:05:00 PM
From: Mason Barge	Read Replies (1) \| Respond to of 10921

<<Mason, Buying or selling doesn't have to be absolute. Completely in or completely out. In the spirit of this thread, (going back to the first 100 posts especially those by Cary S.), 3 buy points were established for putting equal $ amounts in to about 8 companies. The buy points were set at decreasing PEG ratios. There's no reason why one couldn't develop a symmetrical selling pattern to match the buy side of Cary's proposal. Such a strategy would protect one's capital while allowing one to continue to share in a rising sector while still having some dry powder in case one wished to add during corrections. FWIW, Ian. >> Jeez, don't get me wrong, I'm just one of the many blind men feeling the elephant. Mostly I wanted to explain what's going on with me. There is one big advantage to me at being "in or out" which is that it saves me time not following a specific sector. I bill my time by the hour and so an hour saved worrying about stocks is money in my pocket. I got so wrapped up in little moves with the semi-equipment sector in 1996-97 that it was taking up a lot of time. There might well be a LOT of upside potential here, with the Asian economy recovering. Like I said, I hope you guys who stay long will make a fortune. I'm just not going to worry about it -- it's too easy to "buy low/sell high" and too difficult to "buy at the bottom/sell at the top", if you see my point. If and when AMAT falls under $35 or $40, I'll be back.