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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop -- Ignore unavailable to you. Want to Upgrade?

To: Brett Nelson who wrote (78)	1/21/1998 9:44:00 PM
From: Jyoti sharma	Read Replies (1) \| Respond to of 122

Brett, I am out of SKM now but will buy it at a slightly lower price inspite of the premium. Long term I expect SKM will trade at a P/E of over 30. SKM is not only in Korea but also has interests in other countries. IMO Korea's current problems will also help SKM with its competition. The major risk here is the financial condition of SKM's parent Sunkyong group. So far I have not read any thing advese about it. Good luck with SKM Jyoti

To: Brett Nelson who wrote (78)	1/22/1998 3:31:00 PM
From: Jim Goodman	Read Replies (2) \| Respond to of 122

thanks....to all: appreciate the salient comments....just to reiterate, my "PSYCLE sm" concept is still 75 % long-existing, repeating technical chart and ind. group patterns, and 25 % long-existing, repeating patterns of media, human nature, behavior, etc., but, again, I employ little or no fundamentals nor stories---hardly ever--- even if they might be for real--- in my timing....but that's just my way.... SKM just had another recent perfect S.T. bottom pattern, for pot. rise from under 5, to over 7., and now, as y'all said, has pot. overhead resistance around it's 200 day MA, as I mentioned in my recent buy post, when around 5., so, unless it "backs and fills" a while, that area could still be resistance.... second, it also had the same type of bottom pattern when I originally gave it when I began this thread, and it had similar type of price rise after, back then, and out....but I agree with you all on many points....it's all about one's personal situation, goals, risk, perspective, etc....one person takes the quick "40+ % x 2 on margin" gain, while another nice person stays in for more potential after a pullback...cool.... at least we all agreed on the $ 5. and lower cheapness of it's stock ....will keep in touch as necessary, best wishes,