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To: Annette who wrote (4839)1/21/1999 10:26:00 AM
From: Dave  Read Replies (1) | Respond to of 27722
 
Annette,

The market's always bumpy during earnings and when Greenspan's on. There will be great days coming up too.

:-)

Dave



To: Annette who wrote (4839)1/21/1999 10:32:00 AM
From: Trippi  Read Replies (1) | Respond to of 27722
 
Colin -- an alternative to your strategy would be to buy 20% positions on each point as we go down. Lets say you bought 1000 shares at $17. Buy 200 shares now at 15 -- 200 more at 14 -- 200 more at 13 -- 200 more at 12 -- If we fall to 12 you have 1000 shares at an average price of $13.50 -- under your strategy if we fall to 13 you will have not averaged down at all (as your order at 11 is never executed) Under the scenario I outlined -- If we fall to 13 you will have aquired 600 more shares at lower prices than your initial entry point for the ride back up after the IPO is finally announced -- Your strategy is sound -- just wanted to offer an alternative that is more conservative.