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Technology Stocks : Osicom(FIBR) -- Ignore unavailable to you. Want to Upgrade?

To: David Pawlak who wrote (4247)	1/18/1998 12:34:00 AM
From: Mama Bear	Respond to of 10479

There's a big difference in strategy between daytrading, position trading and a buy & hold strategy. In daytrading, preservation of capital is the most important aspect. I never called for a pull back to 2 15/16 David, I said I'd be a buyer that day at that level if it happened. I also said I didn't think it would. i did call for a pull back to 3 to 3 1/4. It did make it to 3 5/16. I'm not sure why a snapshot from 1/1/98 to today is more valid than from 11/96. To me, it seems less valid, because I made my first buy in 11/96. The fact is that were it to get back to 8 5/16, I could buy more shares at that level than I did in 11/96. This doesn't take into account other trades I've made with the money while I was out, or the interest I've gotten from the money market when I was in cash. Do I wish that I had bought and held the shares I bought at 2 5/32? No, because I had a sell target when I bought them, it was reached, and I sold. There are thousands of stocks that I'm not long that go up every day. Everyone has to identify the position that they can take with the most comfort. Barb

To: David Pawlak who wrote (4247)	1/18/1998 12:55:00 AM
From: Ploni	Respond to of 10479

I have considered trading in and out of it over the last 2 weeks, but my day trading thoughts have underestimated the strength every single time Yeah, I sold 1/2 my position at 3 3/4, thinking I could buy it back for less, but in the end I bought back 1/3 of what I sold at 4 7/16, and obviously regret partially exiting at 3 3/4. The stock may eventually find a trading range, but so far it's still moving up, and it seems that the smart move is to hold it and watch a while. I predict Osicom will be unchanged on Monday, but will move up again on Tuesday ... I hope it can close above 5 for three days, which is probably what my broker requires to move it to my margin account.