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To: D. Swiss who wrote (2225)	2/21/2000 5:43:00 AM
From: unclewest	Read Replies (2) \| Respond to of 10714

what would you say is a good entry point for CREE? i am not good at that. i average in...always! usually i buy up to 1/3 of my position where a stock is the day i pick it. that way i am in if it runs. i buy the rest as i continue to do dd, hopefully lower but often higher. i like to buy some on a real bad market day or a big dip. i have never bought a stock at the low. seems everything i buy always goes lower after i get it. i do enough dd that i am comfortable adding at lower levels. a friend and i talked about that yesterday...many folks buy the right stuff...become distraught when it dips lower and panic sell. books have been written about selling after a 5 or 8 or 10% loss...i do not do that. i am very careful about my selection and see dips as opportunities. this game is played, like football, in two 1/2s. to be successful you must play both. the first is buy low. to me that means buying on bad days and dips.

To: D. Swiss who wrote (2225)	2/21/2000 6:53:00 AM
From: Dutch	Respond to of 10714

May I echo unclewest's sentiments. The buying of an equity is the easy part. On bad days when they go "sale" most many panic and dump or experience paralysis by analysis. If dd is done buy. The second half, selling is much tougher. Each time you buy or sell you have to be right. The more buying and selling the tougher it gets. Ex. Bought Cree, averaged in, at $65. If I sold on Tues at $170 it would be a nice taxable gain. Not only would my sell have to right, but when I reinvest my next pick would have to be right. I would have to right THREE times, it is a lot easier to be right ONCE. JMO. I would take an initial position, on a "bad" day, and average in on established price points. GLIA.