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Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Michael Davis who wrote (15689)	10/21/1998 11:06:00 AM
From: Andrew Vance	Respond to of 17305

AV-- I would suggest that you not not invest in any one stock and to spread the investements dollars around a bit wider and to have some resources to average down, With the exception of BYDSQ which there was no way to average down for a decent recovery, the other stocks you mentioned had some averaging to help turn adversity into victory. admittedly, WFR just did that, barely. Having adequate lower limits in place would have lessened the blow as I have previously stated. Having both an entry and exit strategy should be seriously considered. As far as recommendations go, I decided not to try to narrow things down to 1 hit wonders. The newsletter is nothing more than a device to highlight and bring to your attention certain stocks. The information provided is nothing more than a stepping stone for further information gathering on your part. Using your own available information and investment ideas along with what you pick up from other information sources, you are hopefully a more informed investor. from there you proceed with what you feel most comfortable with. Otherwise, you are probably better off having a stock mutual fund or money manager look after your portfolio. Most of the stocks we talk about are speculative in nature and have a great deal of volatility (see opening thread remarks) which might require extended hold periods to recover from industry downturns. On the lighter side, you seem to be a good contrarian indicator. Like I mentioned the boiler room guys have a perfect record for picking stocks that do the opposite of what they tell you, I seem to be doing the same thing with you on an 80% level. Without exception you have hit on the worst performers of the group. some are just now getting break even. I amjust glad that you didn't buy ESFT when it was discussed<GGG>. Andrew