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Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (13489)	4/28/1998 6:20:00 PM
From: Andrew Vance	Respond to of 17305

AV--We need to be a little cautious over the next 2-3 weeks. I have a nasty feeling that I may have entered into some of these stocks a tad too soon (which should come as no real surprise to some). Some of them will have some loss limits placed on them to guard against a major reversal, some will have covered CALLs, and I might buy a PUT or two appropriately. I did not like the action today and forsee either a sideways move of no consequence for the next 2-3 weeks or possibly a 7-10% correction in this sector. As Patrick pointed out to me, it is time to keep on top of things. I suggest we all do that. Conservatism will rule the day for me over the course of the next month. This will be the lead in for either the doldrums of Summer or we might finally get the proper visiblitiy we are all interested in relative to the tech sector. Do not misinterpret my plays yesterday. I am better positioned than I was previously since I have more shares at a price lower than if I had held onto some of these stocks for the ride down. I am patient and will wait for the profits to present themselves to me. In the meantime, there are a few IPOs coming up and a handful of real volatile stocks that make for good daytrades. And per a private set of messages, I am about to undertake an options spread strategy for a stock we have spoken about on this thread. Andrew