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To: freeus who wrote (31609)	9/2/2000 12:11:52 AM
From: RR	Read Replies (1) \| Respond to of 35685

Freeus: I didn't wait any longer. I bought CIEN calls. That thing may just come back some, though. Lots of folks sitting on big profit in it. Well, just don't think about those past trades! Think about all the money you're going to make on the future ones. Have a great weekend. RR

To: freeus who wrote (31609)	9/2/2000 10:16:31 AM
From: Ex-INTCfan	Respond to of 35685

Don't feel bad freeus. I did the same thing with QCOM before it began its big runup last year. The lesson for me is diversification. If I hold a position and it is a large portion of my net worth, I become impatient if it does not go up. If it is a small portion, I can wait. I've been much better about that this year. The only holding I have that exceeds 6% of my net worth is CSCO. Yes, it hurts to see CSCO drop every time it approaches 70, but if CSCO can't break thru 70 someday, the entire market will be in big trouble. Not to worry though -- CSC) WILL break thru 70. I know there are many on this thread who want to make big bets on just a few stocks, hoping for a home run. I used this approach with success in the past. Specifically, beginning a few years ago I hit big with SBUX, Seagate, INTC, MSFT, and then DELL and CSCO. It isn't as easy (at least for me it isn't) as it used to be to pick stocks like this. I can let my new position in QCOM ride because it won't kill me if it doesn't go up, or if it goes down. However, if it turns into a three-bagger, it will have a noticeable impact on my portfolio. The same can be said for most of my other positions -- including NOK, ELON, NTAP et al. I've come to the conclusion that I won't be able to get the 50% to 100%+ gains per year in my overall portfolio that I have in the past. I'm happy with trying to beat the Naz. INTCfan