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 : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Gregory DeMoully who wrote (578)	12/3/1997 8:12:00 AM
From: FIFO_kid2	Read Replies (1) \| Respond to of 2702

My initial stake of 800shs of VARL was acquired 14 months ago @ $8 and now it is 3300 at an average cost of 8 1/8. I got it to 4500 but sold because the stake was almost 20% of my portfolio. It is uncharacteristic to hold a microcap for such a long period and not being rewarded or punished on the holding but the fundamentals as predicted have been stellar yet only crumbs as a reward. Off topic: Don't give me any credit for my recent string of luck. This year was extremely tough for me even though I am up around $15,000 on a portfolio of around $175,000 which is a very poor return. I got absolutely killed by averaging down on ANET, holding the remaining 10% of my AXC stake and holding a botched daytrade in SSET among others that amount to $40,000 of losses besides having too many funds tied up in VARL stock. Typically my losses are between around $10,000 annually. It takes lots of trades to make up these huge deficits. My savior in recouping these huge losses was taking advantage of the volatility in ASYT about a month ago and made $12,000 on three round turns of ASYT DEC 35 options in a two week period before and during the October scare and this was my exprience with the outright purchase of an option in my life. I also had $5,000 gains in ICN VOCLF NSPK VARL GERN and now HAUP. But the rest of them are appreciably small. This year I failed to get the big winner in my portfolio of which I pegged VARL as the source. In 1995 I hit 3 (AKSEF PQT IOM) and 1996 2 (AXC INTCW) $20,000+ winners before taxes and could have been a millionare if I held my 2000s IOM stake accumaulated in 1991 at $2.25 for another year. Regarding of getting my ideas one successful source is Kennedy Capital Management's website, In the past Individual Investor magazine was a good source but with the internet their information is not timely. Looking for cheap firms with earnings growing at least 2.5 times their market multiple and have a catalyst. I also like to be visionary and play the new trends in technology. Oddly enough charts are secondary in importance for my choice of stock selection.