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

To: Night Writer who wrote (20095)	3/6/1998 8:27:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 97611

RE > Tell me about catching the falling knife << <G> <big grin> IN 96 I followed AMD down from 16 to 10.25 , doubled up 4 times! and sold puts when she hit bottom and hoped they they would put her to me..but that didn't happen. Latter I sold her at 32 which was double from my first buy..but was still to soon. ------------- More recently there has been cryix, and Moov, and PCU..with PCU I only doubled once..and sold that half when she got back to my original price. ------------------------- Thing is you have to keep some dry powder..or know were to get some. I normally stay over 60% in bonds..but once I latch onto a stock I don't give up..I will sell bonds to follow her down if need be..in some cases I wind up with an average below the best average the fund managers have. --------------------------- I'm in CPQ now and if she wants to go down I'll ride her down, I haven't decided my first double up point yet. It's a system that works for me and when it stops working I'll stop using it. I don't buy into the "shell" companies that have some new fangdangeled gadget. --------------------- My biggest problem seems to be selling to soon, it's just hard for me to accept that I'm going to more than double my money, and when the stock gets double what I paid for it I get to questioning the sanity of the new buyers, and most often get out before she gets to her top. I don't call tops worth a flip. Jim