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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (23042)	11/12/1997 8:10:00 PM
From: uu	Read Replies (3) \| Respond to of 61433

Dipy: > "Popularity is temporary. When a sector goes out of fashion, it > stays out for many years." I agree. However I think a sector remains popular as long as it can deliver high growth in revenues and earnings. I am a strong believer in the high tech sector as being the only reason the US economy (and the global economy) continue doing well into the 21st century. Therefore it is my opinion that this rule #8 of Templeton may have come across an exception for many many many years (if not centiries) to come. As for my portfolio being 100% high tech, yes I agree it is not very well diversified, not to mention the high anxiety that goes with all the ups and downs. However, I have come to believe that in order to gain the most one needs to be specialized in the sector that has the highest growth rate. And in a way it applies to real life too. A doctor whose specialty is in brain surgory makes a lot more than a general M.D. Sure, the surgon has higher risks since his job is much more sensitive, but then he also gets the most gain. Similarly a software engineer who is specialized in one area (lets say Graphical User interface) makes a lot more money than someone who is just a general programmer, and I can give you a lot more examples of such. So sure, as my wife also tells me sometimes the anxiety over our 100% high tech based portfolio is not worth the gain, but to that I only say: no pain, no gain! Regards, Addi Jamshidi

To: sea_biscuit who wrote (23042)	11/12/1997 9:39:00 PM
From: Pullin-GS	Respond to of 61433

Dipy, Welcome to the ASND thread. There was this tyrant using your ID last week that was just eating at the ASND longs. But he is gone now. <G> Speaking of possible future hot sectors, what do you think the future holds with Chrysler (most beat down of the detroit big-boys)? I'm looking to enter long soon. I sold my PepBoys on Tuesday after holding/accumulating for over a year. It was not pretty. Anything to share on C? I have not done much research at this point, so FTR I am not making a recommendation to those who may be reading.