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

To: rhet0ric who wrote (9968)	3/24/1998 5:03:00 PM
From: L.Gardner	Read Replies (1) \| Respond to of 213173

My average price should really be $13 or so, but my timing has been so bad that it's $19 instead. You'd have to have some pretty canny insight to be in at $13, as that's pretty much the bottom of the aapl basket. I bought up a lot at Christmas at 13.25 just to average down to $17 even, and I thought that was pretty ballsy at the time, because no matter what people here are saying now, it looked bleak then. There's no way to precisely time anything. Esp. aapl! So you're doing pretty well at 19. If your total position is on the small side (less than 200sh), then I would consider a two-year position a very acceptable risk. INO, I would use an escalating stop-loss strategy rather than a limit. Unless, of course, you see a chance to double your money (which I've always found satisfactory) and get out happy . . . Strictly FWIW. . . Leo