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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP) -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (515)	7/22/1998 10:08:00 AM
From: rod runyan	Read Replies (3) \| Respond to of 2365

Max90, I found myself in exactly the same situation at a virtually identical price w/ NEWZ prior to the last spike. I had bought at 12.5 and then averaged my price down to 11 1/8 when the stock dipped into the 9's and watched w/ major trepidation as it went into the 8's. Trapped in a bad trade for seven weeks I just held on, gritted my teeth and waited for that next spike to get out w/ a profit. It worked. <vbg> Anyway, if you check a chart you can see that if you are patient the next spike will most likely come. Alternatively, you could buy put options at 10 or 12.5 to hedge your bet but you lose the cost of buying the option and since you are already down you lock in your current level of loss (or a percentage thereof depending on how many puts you buy). Otoh I wouldn't hold through earnings unless the price is so low that the downside is minimal, so in your position I would watch the market like a hawk through the 29th. I think your chances of getting out w/ a small profit are reasonably good. You might just put in a standing sell order at 11.5 or 12 if you aren't able to spend much time watching tickers. In the final analysis it is your money and your decision. I hope one of these ideas makes sense to you. Best of luck. rod