Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jd who wrote (15064)	7/28/1998 10:01:00 AM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--I do not think you will see much of a retracement in MIPS. I overbought the stock since it was priced well below the IPO of $14 at the time. I knew it would recover (Lengthy explanation was already given) to the IPO price. That is why I posted the diatribes with what I believed to be sound reasoning. This stock is still being discussed and compared to ARMHY is certain quarters. I wanted to own and will work my way to holding a core block of 5000 shares on MIPS for the long term. I have a great deal of confidence in this stock, just like I did with DY ($10 to $37 in 17 months). I have been selling off some of the MIPS over the past few weeks and sold off another 1K shares yesterday. As it moves up $ 1.50 or more from this point, I will sell off in 1K blocks until the 5K core block is reached. In retrospect, I should have let this baby run and have been more aggressive in my comments to the community but I still stand behind my rationale and alert to protect profits. For those that played along, you got to take a nice chunk out of the center of this stock to help your portfolios. There will be other oppportunities like this over the course of time so it is not necessary to squeeze every drop of profits from stocks as this. I will hopefully have 11 (not 17) more months until I can dump off these last shares at long term capital gains rates. SGI is another story. It is still bleeding and its quaterly results were disappointing. HOWEVER, your assessment and actions were correct in your investment process. I honestly thought SGI would perform and was out of the stock at $14. At today's prices, I am picking up SGI shares with some of the MIPS profits since SGI owns most of the float in MIPS which should benefit us down the road. Andrew