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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Dwight E. Karlsen who wrote (1497)	11/10/1997 11:50:00 PM
From: LK2	Read Replies (1) \| Respond to of 9256

DK,>>do what your gut says<< doesn't work for me, or I would be barfing all over the floor (I have a hard time believing how much I lost on APM, QNTM, and WDC before I finally bailed out a couple of weeks ago). But then again, taking losses is part of investing, and I have plenty of company on these threads as far as losing money is concerned. I don't normally short stocks. Basically I'm buy-and-hold. But that's not working in the current environment. And either I have to learn to be more flexible, using a trading approach to fit in with market downturns, or I should probably stay out. On a practical basis, tho, I realize I'm not a trader and want to find stocks that will go up over time, but I've sort of lost faith in that approach for the moment. DELL does sound interesting, tho. Thanks for the tip. Larry

To: Dwight E. Karlsen who wrote (1497)	11/11/1997 3:07:00 PM
From: LK2	Read Replies (1) \| Respond to of 9256

*OFF TOPIC*Shorting DELL and CPQ. Dwight, I took your advice and shorted DELL (at 75 13/16) and CPQ (at 61 1/4) this morning. If things don't work out, I'm going to hire Lawrence Kam and we'll both be coming after you (just kidding). If you have the time, some time in the future, post a note when you think these positions should be increased/covered/whatever. Average selling prices for PCs are coming down, and that might be the theme/excuse Wall Street uses to clobber these stocks. Or they might stay in the stratosphere as far as PE is concerned. With Wall Street, you never know what will happen, or when it will happen. Regards, -LK (the lesser) With grateful acknowlegment to LK the Greater, aka Lawrence Kam.