Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: freeus who wrote (21158)	11/11/1997 4:58:00 PM
From: John Koligman	Read Replies (1) \| Respond to of 176387

Freeus - If you can at all hold on to your beaten down techs, you should try and do so. I've seen it time and time again with these stocks, they get beat down so bad that people are selling and screaming for mercy, then they come back, sometimes quickly, sometimes not so quickly, but the good ones always come back. I concentrated my trading efforts early this year in the networking area, if you recall last winter, Cisco went from 75 to 45, COMS went from 80 to 24, Bay went from 30 to 15 5/8. The point is, if you bought in then, you doubled your money pretty quickly. I tend to diverge from some on this thread on my next point. That is, most investors say buy and hold for the long term, I think that is great with techs if you are smart enough to pick the right ones, and there are not very many. So, I tend to watch until companies in a sector under assault tank, then try to load up and ride them as long as I dare. I don't hold most techs because they just seesaw too MUCH. You mentioned COMS, if you held it since last year you would be losing money. If you traded it this year, you could have better than doubled your money. Now, the stock has tanked once again from the 60 level. The disk drive stocks are another area where you want to trade, not hold. They had a nice run this year, now look at them. However, if you are holding WDC at 21, it's hard to make a case for selling out now. Anyway, enough pontificating, and good luck to you. John