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Technology Stocks : Manugistics, Inc. (MANU) -- Ignore unavailable to you. Want to Upgrade?

To: Clam Clam who wrote (646)	5/24/1998 10:43:00 AM
From: Bobo	Read Replies (2) \| Respond to of 1670

I don't yet know what I learned from it other than what I already knew, diversification is the only free lunch there is on Wall Street - especially when you are trading small-cap tech stocks. It seems like you already knew to take money off of the table when risk / reward got skewed the risk side of the equation. Or was your selling purely based on resetting your diversification scheme? I run a less diverified portfolio than yours (6 long positions typically make up most of the assets) and have learned to always take money off the table when the P/S or P/E on fwd earnings gets out of hand. I will admit that with the steam these guys built up in Q4, it would have been easy to extrapolate the earnings momentum all the way into 99 and view the forward P/E as "reasonable".