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Technology Stocks : Motorola (MOT) -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (1177)	6/6/1998 11:00:00 PM
From: appro	Respond to of 3436

>>similar in tone to commentary expressed in the days IBM was at their nadir.<< I'll second that. IBM had drifted down from a high of $88 in '87 to a low of $21 in '93 (adjusted for 2:1 split). I started buying in late '92 and early '93 at $40, doubling up at$35 and $30 and again at $24, all the while feeling the company was grossly undervalued and would find its way back to good graces. By then I had 12x as much of that 'dog' (half my portfolio) as I had wanted. I almost bought more 09/93 at $21 except as I was placing the order I heard a high profile analyst explaining in excruciating detail why the company was still overvalued and would soon be $14. I was ecstatic to get out a long year later at $33 (8/94). Friday it was $119. Note that it takes four consecutive years of +38%/yr to go from 33 to 119. Lesson learned: I should have bought at $33, 40, 50, and 60 after the stock rose 50% from its low. Buy good but troubled companies after the bottom is clearly in the rear-view mirror. I like MOT and believe it will someday be worth much more than $51; however, once burned, I will lurk wait for the sun to come out. Sell the losers and let the winners ride. Good luck to all. >>My D.D. continues.<< Mine too, John.

To: John Curtis who wrote (1177)	6/6/1998 11:15:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 3436

>>>After all, logic dictates that the best time to enter an issue is when the cat-a-wailing is at its height and share holder value amounts to blood in the streets. Heh!! <<< More blood to come IMHO. MOT breaking down out of descending triangle bottoms with next weekly support at 45, may hold may not. ERICY in a nice channel uptrend. Would wait for more blood before going long IMHO. bb