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

To: Larry Brew who wrote (15615)	10/13/1998 9:06:00 PM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--you make some very valid points and I should have been more specific with my comments since it relates more to the technology sector than to the broader markets. Your comments prompt me to make that clarification. Also, in all fairness, there is still a great deal of money that has been taken out of the market over thepast weeks and months (from the mutual funds). They are not finding good places for this cash so some of it may wind up back in the market after the 30 day tax loss stuff along with some pleasant "wishful thinking". The global economy sucks right now and it may get worse. But when you look at valuations and PEs of most of the stocks I follow and those of the DOW stocks and some of the ridiculous Internet stocks, you see there is room for positive action in the tech sector and a good deal of downside possibility everywhere else. Key words are guerilla warfare. IT is hit and run. IF you can't do it, you shouldn't take the risks that are involved. WFR paid off for 33% and I think VECO is at the bottom of its trading range. At $24.50, the upside is close to $10 while the downside is close to $3, IMO. Same thing with ANAD and a few others. By no means should eveyone jump in with both feet, both arms, and swim in the deep end. Take one or two toes and dip them into some potential high percentage for success and high confidence stocks. No need to get burned by taking unnecessary risks. Andrew