To: TraderAlan who wrote (3075 ) 8/19/1999 10:41:00 AM From: John Koligman Read Replies (1) | Respond to
Hi Alan, since I'm in my forties, I guess that makes me a fossil compared to some of you guys and gals <ggg>... As for trading the techs, it's really pretty simple for me. I don't really use TA, I simply try to make a gut call about the particular stock and buy it. Past examples have been issues such as LSI Logic, which got as low as 12 and change late last year, although in retrospect I bought it in the teens but sold it way too early. Another was AMAT back in 1997, which was also at the mid twenties level. Another was Intel during the same time, trading in the 30's split adjusted. I also bought Intel again recently when it dipped down to the 50's. I'm out of that particular trade now. I follow CPQ very closely and have traded it successfully this year. Since I spent 16 years working on MVS (IBM's mainframe OS) with large customers, it helps me with what is going on in tech. As a matter of fact, one reason I'm now in this game fulltime is due to the fact that I loaded up on IBM stock when I was still working there and it collapsed back in the early 1990's. The stock (split adjusted) back then traded for 10 bucks a share. My theory back then was that due to the effort involved, there was no way customers were going to abandon the mainframe.
