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Technology Stocks : DIGL... Digital Lightwave.... Making Waves.... -- Ignore unavailable to you. Want to Upgrade?

To: John Ritter who wrote (297)	1/23/1998 12:16:00 PM
From: ahhaha	Read Replies (3) \| Respond to of 934

When a company is involved in deceitful practices you should avoid them completely. It will take at least a year for them to recover and when it comes to this sort of subterfuge where the CEO pleads that he never knew what was going on, you know gross punishment lies ahead. This doesn't represent anything better than a trading crapshoot. They have a good product and it is conceivable that they were bonehead enough to consider consignment sales as sales. I bought 100 shares at 19 last year and today it opened at 2. This is an extremely small position so it isn't as bad as my option trading days where I'd buy 50 at 9 and it would open at 1/8 no bid. With stock the advantage is you become a long term holder! Notice I didn't average down. You want to buy at ever greater prices. Average up. This discipline saved me from fundamental failure. Hope you stay away from stocks like I've been telling you. Looks like DELL is getting ready for an implosion. I'm also fundamentally long term (several years) bearish on MSFT and INTC. I've got a good pile of cash and I'm not interested in taking any positions. Suggest you do the same. If you trade, you'll just get chopped up. You don't have to make capital gains, do you?