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To: Tweaker who wrote (52035)	7/17/1998 9:21:00 PM
From: Lbags	Respond to of 176387

Here's to a fantastic week! Enjoy the weekend all... Kevin

To: Tweaker who wrote (52035)	7/18/1998 1:16:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

Tweaker, Does that say something about diversification? I know that when you're in the midst of a raging bull market and one of your holdings is appreciating at an annual rate in excess of 200% it's tempting to forget about diversification, but in my opinion this is a great mistake. Just about any stock is capable of imploding as the result of an unforeseen business risk. Diversification is the way to reduce that risk. And since the nature of that business risk is unknown you can never see it coming. A friend of mine was heavily invested in HFS, and as a result of the merger with CUC he ended up with a lot of CD. Around 45% of his portfolio. That was before the news about accounting irregularities. That was well before the statement about widespread fraud at CUC. Needless to say, his portfolio has taken quite a haircut. So please don't get so wrapped up in the euphoria of the day that you end up making one of the greatest investing mistakes possible. I would advise you to maintain a portfolio of between 12 and 15 stocks. It's cheap insurance. TTFN, CTC