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To: FranW who wrote (906)	7/9/1998 12:46:00 PM
From: Robert Scott	Respond to of 1261

Yes I did - if I had been able to catch this price, I would have pulled the trigger. I have alot of margin but I'm not uncomfortable with it - alot of it is in drug stocks that have been doing pretty well. Another company that is trading at its 200 day moving average, has a HUGE backlog, and is expanding is Orbital Sciences - ORBI - worth a look. Premier space company. I believe we are close (within 9 months) of a major bottom in chip stocks. Hopefully, I will be reasonably positioned to invest about 1/3 of my portfolio in the sector. Right now I have about 15%. I will watch moving averages because once they start to run, it usually lasts around 3 years.