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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (10478)	11/15/1997 11:00:00 AM
From: pass pass	Read Replies (2) \| Respond to of 77400

How do you know the other equity is indeed better? The worst picture is you sell XYZ, take the loss and use the remaining capital buy UVW that you think is better investment. Then XYZ turns around and double, UVW goes up a little or drops a little or drops a lot. Many of today's tech stocks fluctuate 10% on a daily basis, if you sell whenever there is a 10% loss, then you will trade extremely often. If you wait until it drops 30-50% (this has happened to blue chips that are supposed to be stable: INTC, DELL, TXN, etc.), then the loss is huge and it takes some extremely lucky picks to break even. Besides, if an issue has already dropped 30-50%, the bottom might be near. The moment you've sold, it jumps up.