Compaq Message Board - Msg: 13901332

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Technology Stocks : Compaq

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To: PCSS who wrote (82774)	6/18/2000 2:44:00 PM
From: Captain Jack	of 97611

Michael-- there are hundreds of companies like WAVX. Look at the dying DOTcom sector. Dr Koop has turned to Poop and many are worse. It is not only new companies or bad products. NOVL has some of the best technology (mgmt is another subject) and they went from the 40s to 9. The only differences are some will survive in one form or another while others just vanish..... Anyone that gets emotionally attached to any company is setting themselves up for disaster. A friend of mine thought AMTD was going to go to 100. Married it in the 30s and 40s. Now it is 12 and still looks weak to me. Margin can kill an account even on big companies. There were probably hundreds holding the porker from the 30s and higher on margin when it went to 19. They could have locked in substancial losses on margin calls. One must watch every issue in the portfolio and even then are not completely isolated from disaster. Another reason not to have a huge % of the portfolio into a single issue. IMO there are many that believed the mkts would never correct and jumped on the tech ride only to meet a drop that has done damage to their wealth. Not everything that comes down will go up,, at least not to a historical high.

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