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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: sdr who wrote (941)	6/16/1998 12:04:00 PM
From: Jay Hardy	Read Replies (1) \| Respond to of 6847

G- yes, I haven't been a buyer of note anyway since the run up to 12 (and back to 8 within an hour or so of the start)- that was the biggest gain I've ever made and it certainly allowed me to set back and enjoy the month without guilt. I think there are several types of investors that we can get confused. I agree about the "hot money" type of investor. Their the ones in and out and I call the group as a whole momentum traders. They were surely out in full force in May. Even though the market in general was topping and the type of big investor that I'm thinking of was likely take profits and accumulating cash for this latest downturn. I think the momentum players had an aggregate of $2 billion trading daily at the time- ENMD, KTEL, and AMZN type internet stocks were getting this "hot money" investors salivating. I think now, however, the hot money investors/momentum players have a collective pot half that of what was sloshing around in early-middle May. I also think the average buy of the hot money type is $50K, not $250K like I qualify as a "big" buyer. And it is just that type of buyer that I'm always looking for. I was in XYBR because of a tip by Bill F. and after looking at the chart and the conference coming up a went in with a 1/2 position the Friday just before it starting climbing. It was a total momentum play at the time- and still is. That won't change until some news of SALES come. Than it'll become a little less volatile and start an ascent if it sells as we hope/wish/dream. Anyway. I'm writing to clarify what is IOM.