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Technology Stocks : Deswell Industries (DSWL) -- Ignore unavailable to you. Want to Upgrade?

To: kolo55 who wrote (246)	11/17/1997 10:50:00 PM
From: Ron Bower	Read Replies (3) \| Respond to of 1418

Paul, It seems everyone is buying back the stocks they sold. With the Insider and NTAIF sales of Deswell common, anyone that sold and wanted to buy back had a good chance to get it cheaper. I foolishly held then averaged down. I didn't realize the panic would run so deep. I had 9 holdings before the fall. Most of them fell 5-10%, but Deswell was a major holding and it lost 34%. I decided all of my stocks would return to their original price including Deswell. I sold off almost all of the small losers because I can buy them back later at near the same price and put the money in Deswell. I got warrants around 5.50 to lower my position to a little over 6 and stock at 17.625 putting me a little over 19 on current buys, 14.40 if I consider my original buys. I am now 80% in Deswell and not nervous. I have adopted a policy of 'hold and ignore the price swings'. I won't be buying more, but it would take a very good price (11/30+) for me to sell. As I look at it, if they grow at HALF their current rate, accumulated earnings and dividends will equal the purchase cost in 4 years. I had been holding cash to upgrade a machine for my business but now have decided that I'll postpone until Spring and send it to Schwab. Now I'm like the bull that's put in a pen with young heifers in heat- trying to chose and upset with my limited resources. For what it's worth, Ron