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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: Sandra who wrote (3950)	11/21/1997 1:19:00 PM
From: Esteban	Read Replies (1) \| Respond to of 4701

Sandra, Averaging down has never worked well for me. I swore I'd never do it again after losing double in AMAT a few months ago. I'm sticking to my oath. I'd rather put my money in new POWs. If these stragglers ever get moving, they should be able to recoup our losses without adding to the positions. With some of these POWs considerably below the Oct 27 lows that were market driven, there can't be much of anything good technically happening with these stocks to warrant new purchases. I know Doug looked at these last weekend thanks to Linda. He expected quick moves out of CADE and SEEQ, but the opposite has occurred. Do they still have an attitude? I hope so. One thing that has helped me is to sell out and buy back at a lower price. Too late for that now on most of mine. It worked for me on BOSCF and MTON though, and I'm in at a lower price than originally on CADE. Love RECY too. It's my finger in the dike. Esteban