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

To: Terry Backlund who wrote (8203)	12/14/1997 11:21:00 AM
From: Thomas George Warner	Respond to of 11057

Terry IMO it is not an issue to debate, since individual investing styles, amount of research done etc is a large variable. One has to make a decision relative to what his/her goal is in investing. Mine is to 1. preserve capital, 2. make a lot more. Since even the most rock solid investment is like walking on quick sand I think that diversification is the ONLY solution. Investors can make money consistently for a short period with one or two stocks (if they are fully invested) but in my experience not CONSISTENTLY. Many of my friends do not understand my investment style. When fully invested I usually have 10-15 positions in my portfolio, and between those positions I usually do not have an equal distribution of capital. When the market gets rough as it is now I may drop to 2-4 positions, with the rest in cash. I consider that safe investing. I look at the bottom line every day, does it go up or down. I don't pay an awful lot of attention to a position that is losing money as long as the fundamentals are still OK and my bottom line keeps going up. I sometimes take very large loses in a postion before selling. I have started to accumulate again, CS, ATML, GNT, WDC and next week am looking at the semis, AMAT, KYO, XLNX, KLAC, VTSS etc. market should now correct upward for these stocks and they should be powerful performers over the next 6-12 months. Just my opinion of course.