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To: roller who wrote (13362)	4/22/1998 2:42:00 PM
From: Andrew Vance	Read Replies (2) \| Respond to of 17305

AV--CYMI is a long term holding for me because it will perform even more than where it is today. I have been noticeably averaging down on this stock when it got into the teens to low 20s and have sold off close to 33% of my position just to have cash and to further reduce some margin. I still believe we have a roller coaster phenomenon in this sector and that the appropriate way to handle certain stocks are to look for its trading ranges and act like some of the more successful daytraders we are familiar with. However, there is also some part of the portfolio that needs to weather these ups and downs for the long term. I need to start having some 18 month investments and beyond to take advantage of the long term capital gains rules, especially the 5 year benefit. Therefore, stocks like DELL, some CYMI, and a few others are being placed in the long term bucket. I believe CYMI is one of the best long term bucket stocks and I am content to hold for further gains, knowing that, in the long term, it will be profitable. When you figure the short term capital gains on, say $8 of CYMI profits and weigh it against the downside potential, I do not think we will see the necessary downside price in my tax bracket to warrant selling more shares. Again, I sold off about 33% for financial reasons and have not backed off my belief that we will see $50 for this stock over the course of the next few quarters. My current holdings in CYMI represent the full extent to which I choose to be invested. I do try to be diversified and, as such, also believe that NVLS, AMAT, ASYT, KLAC, TER, and a few others will also be nifty 50 stocks over the course of the next year. At today's prices (exception NVLS which is closest to 50) it will be worth the wait especially if you want to position yourself to take advantage of the new long term capital gains tax benefits. I am looking out 18 months right now to take advantage of this and to be able to cash out with some nice percentage profits to celebrate the new millenium in style.<GGG> I see both CFMT and PAIR as trading at a very low base support level with WFR possibly having 1-2 points more of downside, if any. I am trying to make sure I can load up on more shares at the appropriate time. Furthermore, I see IDTI literally 1-2 quarters from surprising the street so appropriate investments will pay off down the road. I have made many rotations in the core stocks that I speak about for both my self and for the "client". I have my losers like BYDS but the winners are usually through patience, good timing and some mediocre timing. I am reshaping my portfolio again to reflect stocks that have yet to participate in some of the recent good performance. KLAC, if you will look at its chart, seems to cycle from the high 30s to the low to mid 40s allowing some nice change to be made. We see the same in SYNT, NVLS(starting to run this time), ASYT, AMAT, and others. Yet we are not seeing the type of performance we desire in ALYD, AEIS, ADPT, PAIR, CFMT, and a few others. For me, it is time to start concentrating on the next round of performers which are amongst this group mentioned. I haven't focused on the Disk Drive sector in quite awhile but these guys are starting to light up my radar screen. I am not a player yet but I am getting ready to revisit them within a short timeframe. I am starting to take more of a longer term approach to some of these investments while keeping a tight $$$ control on certain trading stocks. I will still take profits when they are presented in a short timeframe but will try to hold on for the longer term, if I can. Finally, I need to get some cold cash together for some upcoming IPOs since they may have to be placed in different accounts where I do not have margin. Andrew