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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Pruguy who wrote (12551)	12/19/1998 2:45:00 PM
From: LindyBill	Read Replies (1) \| Respond to of 13594

3 companies is not adequate diversification Why? because all the "experts" say so? Bullpucky! blindly buying and holding is a wreckless investment philosophy Buying Micosoft, Cisco, and AOL is blind? What's "holding"? Two to three years? 20 years? What am I going to "wreck"? Or do you think it might be "reckless" to hold these three stocks the two to three years? If so,why?

To: Pruguy who wrote (12551)	12/19/1998 3:09:00 PM
From: Jorge	Respond to of 13594

<<...three companies is not adequate diversification...>> That's true only if you don't follow your companies closely....If you know what you buy, and why you buy it, and it is followed closely by several professional analysts, and you do your own research there is no reason you can't latch onto about 3 companies and be concentrated in the WINNERS...In fact, most WINNERS won't have to be sold quickly because of the research you've done to begin with, picking companies with growth and longevity in their future...Click onto my profile..You'll see what has made me very wealthy in recent years... <<...blindly buying and holding is a wreckless investment philosophy.>> Yes, if its "blindly" bought and "blindly" held....I will sell ANYTHING where the fundamentals change substantially....There's no magic formula for time length....It's in the fundamentals; that's where the decision to buy, hold and sell comes from. If you want to be well diversified maybe you should buy a Mutual Fund...And buying and tracking anymore than 4 or 5 companies, IMHO, is the same as owning a mutual fund. Regards, George