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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Aloha who wrote (11381)	12/11/1997 3:26:00 PM
From: Mason Barge	Read Replies (2) \| Respond to of 25960

<<I take it your a short term trader?>> No, basically long-term. But I don't sit on stocks when I know they're going down. <<If people jump in and out of stocks on every market concern, they'd have a hell of tax return and most likely miss all the major ups. If you only miss a few of the best days your return is greatly diminished.>> This is certainly true from an historical perspective, and an excellent investment philosophy that I share with you. Problem is, today, a big sell-off was preordained. In other words, the chances of today being "a few of the best days" was 0. With $20/trade trading available, if a person has the time to be watchful, it can save some money. I'm not holding Cymer anyway, but I dumped some PRIA and TER at opening and saved a couple of grand. If I wanted to stay long, I'd be ahead. If I wanted out, it was a good time to move. Actually, I am competely out of semi equipment stocks for a little while, until the cycle bottoms out and I see some price consolidation. But you should realize, I rode Asyst from $30 to $16, averaging down to a per-share price of $21, until it turned up last summer. I know how to hold 'em! I'm going to get some "cheap tech stocks" at some point, too, but I think I'll wait until the smoke clears a little in Asia and we get some consolidation. (You misspoke, as I'm sure you realize, when you said "1 year holding period", at least for tax purposes. Unless it's a personal timing philosophy for you.)