SI
SI
discoversearch

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 : Information Architects (IARC): E-Commerce & EIP -- Ignore unavailable to you. Want to Upgrade?


To: Grashopper who wrote (9508)1/20/1999 3:14:00 PM
From: Andrew Vance  Read Replies (1) | Respond to of 10786
 
I couldn't agree with you more. I headed for the exit on a major portion of the shares I own at $13.63 (actually a combo of $13.50, $13.63 and $13.75). This allowed me to finally average out the remainder of the $15-$21 shares that has been a hardship for me. Mixed in with the $6.75 shares and the numerous trades between 7 and 9, allowed for the disposition of all shares such that the only remaining shares are $6.75 to $7.25, a nice place to be. A good aggressive, but emotional averaging down of ALYD saved the day. This has been more than a year of mental pain and anguish, even though these shares were just profits from prior investments in ALYD.

This reminds me of the days gone by when we first got in at 8-10 for the first run up. Back to the shadows for me and thank goodness this nightmare came to an end. Don't get me wrong, ALYD may start to perform but it certainly lagged the sector and the rest of the market. This was dead money for quite awhile and I am happy to see it freed up and replaced with a smaller position with low priced shares. It makes it easier to head for the exit door at anytime and not be emotional about it.

Good Luck to everyone from this point on in time.

Andrew



To: Grashopper who wrote (9508)1/21/1999 3:26:00 PM
From: Andrew Vance  Respond to of 10786
 
I want you to refer back to your post that this is a reply to. You deserve a great deal of credit for your timely comments and you nailed the situation PERFECTLY. Without saying anything else, those that followed your lead can now get back in for 30% less, if this is what they choose to do.

I ran afoul of an individual by posting about shorting, averaging down, selling, buying stock in ALYD at the appropriate time. However, as good as this company might be, it is still a company that is somewhat affected by powers we are unfamiliar with, or powers we are afraid to admit to. Either way, there was almost no question in my mind that ALYD would give back a great deal of its gains after the extraordinary pop it took. It was out of the ordinary and warranted action. Actually, it fell under a almost iron clad rule about taking certain large profits when presented in such short time frames.

Again, it looks as if you did an excellent job of alerting the community here. And believe me, the reversal was not caused by anything you put in print here. It was statistically inevitable. Most stocks retrace after a large run up.

Andrew