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Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?

To: Pierre-X who wrote (7970)	12/3/1997 3:56:00 PM
From: Terry Backlund	Read Replies (1) \| Respond to of 11057

Dear Santa,(Pierre-X) Please short my two and only holdings RADAF and APCO. I promise to be a good boy all year. Terry Read alittle Buffett lately?

To: Pierre-X who wrote (7970)	12/3/1997 4:27:00 PM
From: Craig Freeman	Read Replies (1) \| Respond to of 11057

Pierre-X, not so long ago I read of an investor (to remain nameless) who had invested his entire fortune in one stock that had risen substantially. I wrote him a long personal note suggesting that he at least take his original investment off the table ... so that he might enjoy a small portion of his gain, diversify his portfolio, and thereafter "rest in the knowledge that was playing with the house's money". He wrote back that he was considering the matter seriously. A week later he wrote again to say that he had decided that his gains were so large that he could afford to let things ride while he took a long vacation with his hard-earned profits. I never heard from him again. The time was September, 1997. The one stock he owned was WDC. I wish him well. Craig

To: Pierre-X who wrote (7970)	12/9/1997 9:26:00 PM
From: Chi Pan	Read Replies (2) \| Respond to of 11057

I usually only hold one or two stocks. But with a different approach. I trade them instead of hold for long. It works great for me. I think it is a nice strategy. Also I use margin borrowing to sort of double my positions and potential gains. The bad part of so called diversification to hold over 10 stocks is you don't really know each of them very well. So some will go up, others will go down. The result of diversification for me is: CAN'T EVEN BEAT THE MARKET!