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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Withers who wrote (62050)	8/7/1998 3:05:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

Gary, RE:" Of course diversification tends to level out your returns and lower risk, but the biggest returns (and possibly losses) accrue to those who take the big risks, such as large margined positions in one or two stocks. Diversification in and of itself has no intrinsic value and cannot be exchanged for food. It sounds a little like sour grapes when someone criticizes another's great returns with, "Well, you may have made a fortune, but you aren't diversified," as if that somehow makes your dollar of profit worth less than 100 cents." How in the world did you come up with that? In my book Carl has been nothing short of a Genius albiet he's been living dangerously. If you look at his qualifications he's EE...so I suspect his knowledge in this area has been some compensation for not being diversified because he's been investing in what he knows. He also has a large cushion which helps with sleeping at night. Jim

To: Gary Withers who wrote (62050)	8/7/1998 3:34:00 PM
From: carl a. mehr	Read Replies (1) \| Respond to of 186894

Gary, It has been an exiting monopoly game. I still have 15% more chips after margin expenses than I finished out 1996 with. My monopoly playing allowed me to finish 1996 with a gain of 151%. The point to observe here, is that the huge gain in 1996 would not have been made without a concentrated position in Intel. In 1997 during the Oct, Nov and Dec decline, my portfolio declined to slightly less than 1/3 of the lofty highs that I had experienced during the year. (I gained a lot of smarts and only lost a little bit of paper profits). Not to worry, I took it out on my wife. At a time like that a lot could be said in favor of polygamy <vbg>, humble carl