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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: C.K. Houston who wrote (14470)4/8/1998 9:36:00 PM
From: CalculatedRisk  Read Replies (3) of 31646
 
Cheryl, Congratulations! But what you are doing is akin to gambling AND a terrible example for others (as far as investing).

I will apologize again for my "naive" comment ... but diversification is very important. No matter how much you research a situation, something can go wrong. Diversification also applies to industry sectors; being 100% invested in Y2K is (IMO) also a mistake (as would being 100% short Y2K<g>).

I've been managing my own money for longer than I care to admit ... and I've been burned by some sure things. But I have always been careful and no one stock can hurt me significantly. Of course this reduces your return (over-diversification is also a mistake). The last few years are heady ... I've been almost perfect ... but NEVER confuse a bull market with brains!

Talking with a financial advisor might be helpful. You probably wouldn't have done nearly as well, but IMO you are playing with fire. I'm sincerely glad to hear you have other assets.

Best of luck,
Bill
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