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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Charlie Stone who wrote (3009)	2/26/1998 10:56:00 AM
From: Kevin Hay	Read Replies (1) \| Respond to of 6565

re: <I may sell 1/2 my VLSI and maybe some other things> That'd be the conservative thing to do...., I've done this a few times in the last few months (change from long to short to long again) and it's net been working for me...., I'll screw up some time and stop trying to do it again for a while. Your approach will keep your knuckles from being too white -- if it goes to 28 you'll be smiling while I'm crying. My big picture guiding light, of sorts, is an article I read, wsj I believe, where they were comparing ~50 'top economists' aggregate '98 growth estimates compared to the sum of the individual companies/analyst estimates. As the discrepancy was larger than it had been for years the implication is that individual company estimates have not all come down yet. My point being that I think the market as a whole will be churny this year, and an occasional switch of directions is a way to make money on this. VLSI is great, and I don't intend to stay short..., though I probably will average up on this position. Personally, I'll feel more comfortable going into March with ~50% of my holdings short. And thanks for calling me nutty..., I needed that, and I did ask. Hopefully I'll be more 'crazy like a fox'. -Kevin