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To: Duane L. Olson who wrote (10058)	2/23/1998 2:49:00 PM
From: shane forbes	Read Replies (1) \| Respond to of 25814

TSO: On the semi-equips I'm in the "hold and watch them run away from me" mode right now. There are very few companies that I would hold in a steady growth lower-risk account and add on a $ cost averaging basis - one I've mentioned here enough of times is ADI, the other is TOL which as of today is a double for me. (If I were working and could not afford to keep an eye on the stock market on a regularly basis, steady growth lower-risk would be my modus operandi.) So far this steady state unmargined account would be doing 60% per year over the last 18 months and that's even taking into account AMAT's recent thumping. Yes I know 18 months is a LONG time period! You are right TOL looks kinda high right now. I have a strategy with these steady grower type companies - set a buying point 20-25% above the previous year's low. They are sufficiently volatile that I always get filled. I expect them to create returns around 20-25% per year over the next 10 years or so and that's why I have the buying point set at 20-25% above the previous year's lows.