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Technology Stocks : DII Group, Inc.

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To: Jimbo Cobb who wrote (1621)4/20/1998 1:22:00 PM
From: Mark Brophy   of 1845
 
It depends on the market.

I always buy a stock with the thought that I'll hold it long term. However, I'll often sell if it quickly pops up 20-40%. DIIG was so undervalued that I waited until it more than doubled before selling. I'll also hold for a long time if the price doesn't move. I usually acquire a small position at first, so I still have cash available to buy more when the price goes down.

I sold Phoenix last Oct. because I believed the company hadn't followed through on their long term promise. That's an unusual situation because it's more likely that the price will change while the fundamentals remain intact. Capital allocation should be a boring process, but tech stocks are very interesting.
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