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To: steve susko who wrote (16160)2/3/1999 2:49:00 PM
From: Andrew Vance  Read Replies (3) | Respond to of 17305
 
*AV*--you betcha dude! The $24 LLT was put in place at the open but it dropped below that. So when it rose to $24 on its way to $24.50, yours truly was at the exit door. I would like to say this was perfect timing since I did highlight it in RadarView just this morning. However, the real story was simply a matter of following certain principles I try to adhere to.

Take profits when presented if they are presented, especially if it is in a short period of time. AMD presented 40% within 2 weeks making AMD a sell candidate if it fell to $24 after its run up.

As of a few minutes ago, it looked as if AMD was turning the corner at $21.50 and an order was put in for $21.88 GTC.

In this case, following some of my personal strategies seems to have paid off. We are back in at $21.88 for the same amount of shares and have $2.12 in our pockets for the effort. Building cash for an upcoming correction or for venturing into a new idea is also part of this strategy.

Yesterday's play ssems to be working out real well. Both CYMI and WFR are up more and ASYT is still above its entry price, even though it is off a bit today. All 3 have LLTs in place that guarantee we walk away with profits in this venture.

Andrew

ACtually, looking at the prices now, I think it was an outstanding play which more than covered anyone's fees for the newsletter<GGG>.