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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: Patrice Gigahurtz who wrote (2686)	10/4/1998 9:25:00 PM
From: ED_L	Respond to of 4613

Technicals do not show signs of an immediate turn-around. Six months in future is too far to look. The stock (WX) rose from a low of about 10 to a high of about 36. Giving 1/2 of gain back (most stock do so in a bear market) would put it around a low of 18 -19. Lots of variables such in affect of football and improving ratings could change picture. I sold my shares close to the peak but my wife still has a fair amount in her portfolio and will probably keep them just for diversification. PS It is best to try to establish a sound mechanical system to trade; it is too easy for emotions to just mirror what others are feeling and the specialist always make the "others" wrong. I believe that the more sensitive individual you are (to others) the harder it is to be a good (mechanical) trader. Having a system and sticking to it works most of the time (except for some market extremes). I have not been real good at following this advise; but after 30 years of trading am getting a little better.