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Technology Stocks : Semtech -- Ignore unavailable to you. Want to Upgrade?

To: Todd D. Wiener who wrote (851)	2/12/1998 9:52:00 PM
From: TimeToMakeTheInvs	Read Replies (1) \| Respond to of 886

<<Semi-Off Topic>> Just moved today from the old 33.3 dialup connection to the 500k bandwith afforded by a Zenith HomeWorks product (guess it is some kind digital subscriber variant) and I must tell you, Faster is Better! HA! Thanks for you posts. Tim

To: Todd D. Wiener who wrote (851)	2/13/1998 11:49:00 PM
From: Stu Bishop	Read Replies (2) \| Respond to of 886

Todd, Can you please explain the meaning of :o) ? By the way, have you all noticed Semtech has a nice rally going. Care to make any price performance predictions? Last time Semtech hit this level ($60 pre split), I expressed some concern about the sustainability of the advance (using words like reassessment), and I was sternly scolded by multitudes. Of course we all know what happened soon after. Please forgive me, if I sound cocky that is not my intent. I take full and complete responsibility for my investment decisions. And I will reiterate that I have benefited much from the research, analysis and commentary provided by this thread's participants. I bring up the mentioned events to freshen your memory, to see if attitudes and expectations have been tempered as a result of watching the unstoppable SMTC fall from $36 to around $17. I said it then, and I'll say it again, this rate of ascent will not continue for very much longer. I know, I know, a stock doesn't fall simply because it has gone up. But we all know how the market works. There is a substantial proportion of investors who "will sell" simply because a stock has gone up. The stronger the rally, the higher the likelihood of a heavy round of profit taking. This motivated selling can drive the share price down significantly (stating the obvious here). So, I'm interested in what the thread thinks. Will it stall and go sideways? Will it shoot up then drop significantly? What da ya think? Don't get me wrong. I'm definitely not itching to sell here. I will sell if I believe it's obvious that a stock has risen so much, so rapidly, that I'm convinced a substantial correction is soon to follow. I'm not convinced of that now. Thanks. Stu B.

To: Todd D. Wiener who wrote (851)	2/17/1998 1:59:00 AM
From: Jeff Bond	Read Replies (1) \| Respond to of 886

HAHAHAHA :o) I cannot tell you how funny and well timed your post was! (but don't you think the nose is a little too big?) LOL For those who rode the roller coaster down, now have twice as much SMTC in the pocket, and are appreciating the ride back up, I have two simple words of advice: don't sell! You can always make better investment decisions once events have occurred, but the future is always a little less clear. I dropped a jaw when the price took a dive too, but I remember asking Todd about the last time this happened, what his thoughts were on the matter. His response was that it was a sharp industry wide event, and he had used it as an opportunity to buy more shares. So ...... I did exactly that when it was still falling ..... and it went even lower ....... so, I got really nervous ........ but, now I'm really smiling ........... and, I'm still not selling because it will happen again, and I will do the exact same thing again :o) Anyone desiring to use the :o) symbol should freely do so at any time (what do you call these thingies anyways). Just be aware that Stagger Lee may tell you that you have a big nose! HAHA I recall your words Stu, they are well respected, but I resist the temptation to buy & sell on the fear I may lose my position one time when the stock shoots up like it has recently. In the case of SMTC, I think I like the idea of holding, and just adding to my position when I am able. It's not for everyone, but I do not trust my ability to pick an absolute top very much. It's much easier for me to look at it this way: I bought in August, I have twice as many shares as I originally had, I added more when the price justified, and my return is more than adequate since that time. I know that selling at the top, and buying back in at the bottom sounds very nice, but I would have had to face the tax consequences, and I did not know what the price was going to do at that time. Oh well, like I said, I LOVE SMTC :o) Regards, JB Todd - that was well done, and came at a perfect time, thank you very much!