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Technology Stocks : Ultratech Stepper -- Ignore unavailable to you. Want to Upgrade?

To: William L. Oppenheim who wrote (1571)	10/22/1997 9:04:00 AM
From: Mark Ableson	Read Replies (1) \| Respond to of 3696

Re: Why would anyone have 1/5 of their funds in one stock? Well, you are probably right. But, myself and family have spent considerable research effort with UTEK so we are comfortable. Personally, I know it's high, but at least my money is where my mouth is.

To: William L. Oppenheim who wrote (1571)	10/22/1997 9:09:00 AM
From: Proud_Infidel	Read Replies (2) \| Respond to 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

To: William L. Oppenheim who wrote (1571)	10/22/1997 1:45:00 PM
From: Joel R. Phillips	Respond to of 3696

>>Why would anyone have 1/5 of their funds in one stock. Maybe they started with 5% in one stock and got a five-bagger. Happens sometimes. --joel