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Gold/Mining/Energy : Canadian Technology issues

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To: Joan Osland Graffius who wrote (52)	12/15/1995 11:49:00 AM
From: Vartan	of 640

I agree with everything you say on a fundamental point of view. I have clients who are worried and we discuss their portfolio from just this point of view. The difficulty is not so much as when to get out. Thats easy. Many have large gains. The problem is when to buy again. Time and again, opportunity slips by, just when things are the worst and blood runs through the street. Consistently, the psychology is as follows. When things are good, it will get better. When things are bad, it will get worse. It confounds things. I always try to tell people, treat stocks like owning a business. Significant wealth creation comes from a buy and hold strategy with good companies with growth prospects. This fits the bill with tech stocks. There are no other areas that meet this criteria like tech stocks. Bill Gates created significant wealth for himself and others who had the patience by holding his stock. I see this correction as more of a buying opportunity. Stocks like Micron and Motorola are now on sale. MU is particular is having a 2 for one sale or half off. Vartan

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