To: Trader X who wrote (16150 ) 2/2/1999 2:32:00 PM From: Andrew Vance Read Replies (2) | Respond to of 17305
*AV* -- First a reply to a Stock Swap private message.Opportunity on ASYT? It hit my 21 9/16 standing order..What do u think? I am so excited...<g> Please post response on SI. Thanks. This response is not timely but, as you are well aware, YOU ARE A GENIUS. Even if it dips lower, you have to be proud of yourself. as you saw in the RadarView intraday report presented here, we were on the samw wavelength. Anyone that missed this puppy was given a second opportunity. You did good for the long run and hopefully for the short run. I expect to see news on 2 brand new customers coming onboard this year. both companies reside in the lower regions of our beautiful USA.<GG> My source is myself and phone calls I have received from engineers at these companies relative to my SMIF experiences. Call it a set of reference calls before they make the leap forward. While they can obviously chnage their minds and not follow through, I think they were impressed with what I had to say and it just validated what they were inclined to do anyway. Now to the response for this original message. I never said there were buying opportunities with the exception of WFR and maybe ASYT. I am advocating watching for bottoms and establishing some new entry prices. When you consider most of the readers of RadarView were in many of these stocks at significantly lower prices, the key was their exits via LLTs to protect profits and now the ability to get back in at lower prices. The readers know better than to jump in today and not wait for the other shoe to drop but there are some K-Mart specials popping up that were well worth it. WFR - Buy Zone was 9-10 but it slipped to $8.50 which, to me is a gift. Admittedly, I have shares from $8.50 to $10 but adding more at low prices yesterday and this morning have paid off. At $9.31 we are looking real good. CYMI - I do not regret exiting yesterday and today before its collapse and getting bsack in at $24. Close to $5 in profits were takne out of the stock and replaced with shares that are up 4% so far. I will take the nickels and dimes when they occur. Finally, on a very risky situation, FTEL, it appears that the private advice given to get in when FTEL breaks though $2 and up-ticks, paid off. While this is not my idea or a stock that I really support, I responded to private request on how to play it. Yesterday, FTEL got as low as $1.94 on the Bid but the Ask was $2.12 as the entry point. those that heeded the input are sitting on a $2.81 stock this morning, hopefully wiping away some of the pain of not selling at $4.25 as they were politely advised as an LLT. We have a market of stocks and not a stock market these days and I agree with your comments of a Correction. However, I would much rather be sitting on 5000 shares of CYMI boughtat $24 and 3000 shares of WFR bought at $8.56 going into this correction than to be sitting on only 5000 shares of CYMI going into this correction. That is the difference with the LLT exit and buying opportunity versus holding on hoping for the reversal to go positive again. Now if CYMI goes to $20 and WFR falls to 7.50, then I weas an idiot for not just staying in cash and buying back in when they finally bottomed out. However, where I am is in the middle and better off than not doing anything at all. The readers have profited handsomely by this strategy. We have readers who exited CYCH at close to $23 when an LLT exit occurred and are still waiting for the bottom to be established before getting back in. CYCH is presently at $15 today. Not bad for that reader, if I might say so. To each his own and I just thought it would be nice to share the RadarView intra-day issue with Stock Swap to provide the community with some insights and ideas. Andrew Andrew