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Biotech / Medical : AFFYMETRIX (AFFX) -- Ignore unavailable to you. Want to Upgrade?

To: Andy Patton who wrote (773)	8/29/1998 12:31:00 AM
From: JF Quinnelly	Respond to of 1728

AFFX is just backing up to get a running start when all this ugliness is over with. You might want to wait and see where it bounces. "Catching a falling knife" is risky. It won't run away from you in this market, you can afford to be patient.

To: Andy Patton who wrote (773)	8/29/1998 1:43:00 AM
From: rairden	Read Replies (1) \| Respond to of 1728

I took a nibble at AFFX on July 30 at $27 and it's turned into a case of indigestion. Seemed like a good idea at the time, diversification out of semiconductors. Fortunately it wasn't much; unfortunately most of my other holdings have done worse. Buying AFFX here at $18 would be trying to catch a falling knife. Tried that recently with LSI Logic around $18 and now they're 12 and change. It'll take more patience to reach the bottom of this market. I'll hold what I got and take my lumps. This will keep me paying attention for when the turnaround comes. Regarding SI thread activity as an indicator -- I've seen others speculate along those lines. But many threads with dwindling posts never recover. It looks more like stock activity is a predictor of SI thread activity, not vice versa. (I got sidetracked while editing this note and just now saw JFQ's post come in with same "falling knife" concept.)