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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: John Curtis who wrote (12137)	11/2/1997 7:23:00 AM
From: w2j2	Read Replies (1) \| Respond to of 29386

[off topic] John, you make a good point about gambling vs. investing. The line is a blur. I think that if you buy and hold profitable, growing companies, that is investing. Ala. Warren Buffet or Peter Lynch, consider yourself a company owner. This means you ride out the ups and downs. By my definition, Ancor is a gamble, and the longer your time of holding, the more like an investment it becomes. Does liking the fundamentals and "story" of a company mean you are in love with it? After all, you have to like any company a lot to hold through ups and downs. I think when the story and/or fundamentals change you have to recognize it quickly (this is difficult), and sell. Usually at a loss. One or two quarters of lost momentum, (ala Ascend) does not necessarily mean the story has changed. IMHO.wj