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Technology Stocks : The New QLogic (ANCR)
QLGC 16.070.0%Aug 24 5:00 PM EST
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To: Lhn5 who wrote (24460)10/26/1999 12:28:00 PM
From: Todd DeMelle  Read Replies (1) of 29386
 
I have to say... the Key Labs report freaked me out a bit this morning. I sold about 1/3 of my position at ~37. Of course, now I regret doing so. The sheer *degree* of the disparity between the ratings from the first independent head to head comparison seemed to warrant immediate action this morning... BUT As Larry speculates, we are probably the last to know about these comparisons and it is the OLD switch. Ah well, live and learn.

So now I'm mulling over what to do now that I've incurred a bit of a tax burden for myself (long term fortunately). Do I jump back in at ~39 and suck up what I hope will ultimately prove to be a relatively small sacrifice to the gods of fear and greed? Diversify what has become an overweighted ANCR position? I wish I were in with my satchel full at this time, but I won't complain too much about the +600% gain (even though my greedy part is telling me it's peanuts compared to what's to come...) Even though I'm still in with 2/3, part of me hopes I can get back in again with the rest below where I sold.

Hmmm... I think I'll let my mind settle down before making a decision. (Now I remember the joys of long term investing... not worrying about buying and selling...)
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