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Technology Stocks : Ultratech Stepper
UTEK 30.230.0%Jun 5 5:00 PM EST

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To: William L. Oppenheim who wrote (1571)10/22/1997 9:09:00 AM
From: Proud_Infidel  Read Replies (2) of 3696
 
"Diversification is protection against ignorance. It is not necessary for those who know what they are doing." -Warren Buffet

"To accumulate wealth one needs to concentrate his risk(holdings). Once wealth is accumulated, diversification may be used to protect erosion of capital." -Richard Rainwater

William,

Who are you going to listen to, MM's who consistently underperform every major average or those who have made real money in the markets? Personally, I like to try and follow those who have been successful in actually making money Read: NOT MM's! I have 70% of my holdings in AMAT(not counting some I have bought on margin) and still manage to sleep at night. I have made some costly mistakes over the past several years(i.e.FORE) but still have managed to get a 68% annual return over the previous four years. BTW, Ultratech is about 10% of my portfolio and I have no regrets as my cost basis is $19.59. Diversify at your own risk.

regards,

Brian
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