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Technology Stocks : General Instrument Corp.'98 (GIC) -- Ignore unavailable to you. Want to Upgrade?

To: BigBull who wrote (123)	3/12/1998 7:43:00 PM
From: Larry Brew	Respond to of 615

BigBull, << brass buy >> I have 2 positions. Ira that I call long term, although I may trade it short term, depending on conditions, but am able to hold 18+ months if necessary. Then I have short term. This is cash I've pulled from my IRA to live on for 1 year. Rather than keep it in the bank, I have it in Ameritrade, where I can move it at $8 or $12 depending if it's a market trade or limit trade. I doubled in the IRA at 16 7/8. In the short term account I placed a buy at 16 3/4. It didn't fill. I'm very conservative here and dump on 1 point gains. I dump on 2 point losses also, unless confidence of turn around is high. Last year on a descending balance since I live out of it throughout the year, It averaged 11%. Descending balance in a bank would be 2% if lucky, from beginning balance. Larry