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


To: Patrick Slevin who wrote (13676)5/6/1998 6:49:00 PM
From: Andrew Vance  Read Replies (2) | Respond to of 17305
 
*AV*--I know of nothing that makes you persona non grata here Patrick.
It looks as you have done well on the short side which is not getting too much attention since this ENMD has blossomed into a once-in-a-lifetime (I hope not) opportunity to generate quick profits for the next tech sector rally.

A risk play was made in this stock and the jury is still out on some of the other players. I wonder if Tech Master is still holding. If so, he gets the major "GUTS" award for riding this short down to almost oblivion.

I am not focusing as much attention on the overall market this week and am being very cautious with some of the portfolio but I have created a wealth of staying power by zeroing out my margin balance and generating cash reserves. This will allow me to muddle through any tech correction down the road (if it does occur) and still be able to buy more at lower prices.

I am not sure why you are going to the sidelines for a week but that is okay if you need to. I would like to hear more about some good market plays from you since this ENMD probably has just a few more days of play before its back to where it belongs, plateaus, or I get a minor burn on the PUTs if it turns around.

BTW-BigBro-you had a great comment about your car. After I sign off, I will write some checks to pay off both cars and all the credit cards. One car, mine, had only 3 months to go but the wife's vehicle has 2 more years. She makes her own payments so when the Title comes in the mail, it will blow her mind and mess with her head. Hey, any of you married guys out there can relate to this. Messing with the wife's head in such a way as not to really have them aggravated with you after you come clean. This they allow us to get away with<GGG>.

Andrew