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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: grasshopper who wrote (2181)	1/29/1998 12:17:00 AM
From: Yiota	Read Replies (1) \| Respond to of 4903

Hi grasshopper, Your past experience its best to leave it in the past. Start fresh with a total different picture;-) ;-). I've had my bad picks, but I'am always smiling! Like you said no guts, no glory. 1998 maybe the year for Netscape, Without non-recurring charges they would of posted a profit of 4.7mill, $0.05 per share! I really do believe theres big changes ahead for the better! not to mention I have this gut feeling a merger or a takeover is coming soon. Good Luck this year with NSCP. and Good Luck to all. regards, Giota

To: grasshopper who wrote (2181)	1/31/1998 12:16:00 PM
From: Fernando Saldanha	Read Replies (1) \| Respond to of 4903

<<I lost 1/2 of all my assetts last year on this stock.>> Grasshopper, I am short Netscape but I may be right or wrong on this position, like anybody else. However, if you are betting such a large percentage of your assets in any stock you have insufficient diversification. Since late 1997 I decided to keep my positions small even when I believe there are great opportunities in one stock. I learned the lesson. For example, quite a while ago I had a short position in NSCP, initiated at a price more than 3 times NSCP's current price, which I had to get out of because the losses were too big. I was right and if I had a small position I would have made good money. I am now quite diversified, I have long and short positions in many stocks, none of them big enough to make me lose sleep. My stop loss on long positions is $0. My stop loss on short positions is seeing the stock price double. Of course, I can get out of any position at any time if I do not believe in the trade anymore, but this different from getting out of a trade you still believe in because of the pain. Diversification is better investing and a I have a better, more relaxed life. Best regards.