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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Scott Pedigo who wrote (2993)	7/14/1998 4:38:00 PM
From: Alan Cassaro	Respond to of 17679

>>>>>I'm not claiming to be a clever investor. I just got plain lucky once. In total, my portfolio has been performing like crap. I'd be better off in a mutual fund, no doubt, based on my choices so far But I'm learning<<<<< I'll give a hearty "amen" to your post. My portfolio has an anchor on it too. But, I got lucky two years ago when I tripled my investment in AXC, by selling near the high. With the profits I invested mostly in tech stocks and funds, which are mostly down. But compaq is coming back, and I finally got out two days ago with my original principal. If AXC goes below 1 15/16, I'll use that cash to buy more. I don't call it averaging down, just hedging my bet. So even though my portfolio has been stagnant for two years now, the average works out to a 100% gain for those two years. And with AXC at less than half the price of where I originally bought it two years ago, I just have to say I love the leverage, and the odds, even more now than I did before. I don't mind getting lucky every couple of years..... Al