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Technology Stocks : Deswell Industries (DSWL) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (590)	3/25/1998 12:18:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 1418

I need someone to tell me when to buy and sell 'cause I'm sure doing a lousy job of it lately. Just buy it, hold it, forget about it. That's a cliche, but Deswell is probably the stock I am most confident in of all my picks, and I have you to thank for getting me to look at it again. It's great to see a stock up nearly 50% and to have the stock still meet your criteria of value. I have a blowoff rule that says sell 1/2 at a 50% gain in an overpriced market. That kicks in for me around $25-$26. Here's hoping on vacation when it zooms by that mark. BTW, ELAMF, a company in a similar situation not as good but much cheaper, has had some huge 10X average volume days of late. Last week, it went from 6 3/4 to 7 1/2 on this volume. Now it's died down to the 6 7/8 range on low volume. Sometimes these small caps telegraph their next move so perfectly, but I'm limited in how much I can dump in. I think I've found a strategy - buy all stocks with that funny fifth letter "F" in the symbol!!!! ;-) Mike