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Technology Stocks : TSI TelSys Corporation - Satellite communications
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To: Robert who wrote (74)3/11/1999 12:28:00 PM
From: Ron Struthers  Read Replies (1) of 241
 
Hello Robert, stocks like IPM are included in my performance averages. Unfortunately there were many of these in the mining exploration sector and
there was a number of others that dropped to a nickle or dime that was quite
a drag on performance in 1997 and 1996. Once they drop 90% or 95% it doesn't matter much if they go all the way to 100%.

However the key is to diversify among several of these stocks as risk is high.
Nobody expected the bear market to be as brutal as it was for the golds, but this also brings good opportunity and is why the RSA and Tech letter performance have done so well in the past year.

The other factor is you have to change your type of investments for the market you are in but occasionally you get caught with too many of the wrong type of stocks for the market environment or temporaily on the wrong side of a market. This is what happened to all the gold newsletter writers in the past 2 years. Fortunate for me I have a background in technology and this diversification into stocks like TSI has been very rewarding.

I also never want to be caught in a bear market like that again. In Canada we are in the midst of one and the U.S. will probably crack this year. As a result I have already suggested taking big profits out of 2 of my tech picks and am suggesting pretty defensive portfolios.

However some stocks and I would include TSI here can buck the trend, because they are unknown and have high growth rates, we always want to keep a few of these, but would still look to take part profits if the markets got to bearish

Ron
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