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To: Andrew Vance who wrote (13414)	4/24/1998 2:20:00 AM
From: Patrick Slevin	Respond to of 17305

<give me the signal to put some cash to work on your side of the fence. I am beginning to believe there is a nice profit in your neck of the woods real soon> I think I suggested in, I believe, 3 posts to get short. Come to think of it, I thought you had SPX puts? Whatever, the Long Bond is getting beat up a bit tonight and we have a probable down open. As usual, I closed out all my short positions before the close. At this juncture I MAY even play for a bounce......but I don't know as yet where I would come back and short it again. There SHOUL be a rally in the mid-morning somewhere. The best guess (at this hour) is 10 and 11:20 ET. But if it sells down real hard early it may just bounce all day.

To: Andrew Vance who wrote (13414)	4/24/1998 2:54:00 AM
From: Patrick Slevin	Respond to of 17305

Two rather bearish opinions (You know how I like to check what other people are thinking; made a few shekels on the long side Wednesday after seeing these and several other negative thoughts late Tuesday) dynamictraders.com firstcap.com

To: Andrew Vance who wrote (13414)	4/24/1998 12:11:00 PM
From: Judy	Respond to of 17305

The yr2k sector is getting hit now, money is rotating from small-cap momentum stocks into value plays now that earnings and forward guidance from the mid/big caps is out. No doubt about this, market turned a deaf ear to excellent earnings from CHRZ and IMRS. And stops they will be taken out in a blink of an eye. Yr2k stocks are not for the faint of heart, but then no one on the Stock Swap thread has that problem. I'd expect the solid yr2k stocks to recover by May expiry, unless the NAZ has fallen apart.

To: Andrew Vance who wrote (13414)	4/24/1998 1:19:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--Looks like I got out of PLSIA too soon and into CFMT for the "client" too soon. However, they have been some decent things which illustrate this 10-20% tactic I have been employing. I bought back the CYMI trading shares and then some at $22.50 this morning. Consider these numbers as an example: Out with 33% of shares at $29 (rounded off) Back in at $22.50 In increments of 1K blocks, 1 block sold = $29,000 At buy back of 22.50, previous proceeds buy back 1.29 blocks of CYMI Therefore, trading position now is 39% of the total investment. However, for the same investment dollars, I own 10% more shares which will bode well in the next run up. I do feel slightly foolish since it would have been appropriate to have a stop on the other 66% of the shares at $25. Nonetheless, these shares are deemed long term. The same can be said for both CFMT, IDTI and others where I have not been as vocal but have mentioned about the "buy on mystery, sell on history" phenomena. The cash horde is now being applied to picking up some bargains for the next run up. Trader X- I think I did well taking advantage of the possible downturns in some of the stocks on your list. All I am trying to do is to take advantage of the extreme volatility of some of these stocks and not to get too greedy. This long winded response is my way of encouraging memebers to take advantage of the extreme volatility of some of these stocks, and to choose both entry and exit strategies towards the conservative side. I think this will be the rule for the next few quarters and this advice could be titled "How to Make Money in the Tech Sector When The Street is Totally Clueless"<GGG> Andrew Update: ATMI shares bought at $28 was confirmed. In this case, I just bought back the identical shares I had and pocketed the $5+ gain in the form of reducing margin. This is now poised for its next recovery in 12 weeks<GGGG>. Yep, this stock may retrace more but mark my words, it will hit close to $33 on the heels of the next earnings release. the question you have to ask yourself is whether you consider this money "dead funds" for 3 months, if you beleive the payoff will be 17% then. To me, it will not be since, at that rate, ATMI may prove to provide me with close to a 50% return on an annulaized basis. (2 qtrs at 17% and hopefully the Oct98 reporting qtr at 16%). I will not include the Dec Qtr since it will not pay off until Jan 1999. Of course, if we get an intra-quarter profit of 15-20%, I may exit earlier and see if I can get another run up prior to quarter's end.