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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Baldwin who wrote (5230)	4/1/1999 4:38:00 PM
From: Bretsky	Respond to of 7342

Don't get me wrong; I have the utmost confidence in TLAB continuing to outperform, but I always fear LU, and it's had a nice runup and is trading at a pretty high PE for TLAB. Plus, I believe the market will correct before going higher. TLAB and most of the rest of my portfolio could get hit hard if this occurs.

To: Baldwin who wrote (5230)	4/1/1999 4:46:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 7342

Blowing out 31 consecutive quarters says a lot to me in terms of risk. Actually, it doesn't. Risk is the fact that investors expect that kind of growth to persist. Risk is the fact that capital markets can crash. Risk is the fact that an analyst's downgrade can make the stock swoon because expectations are so high. Financial analysts talk about this stuff as business risk and market risk. There's no free lunch. No pain no gain. I'm running out of bromides here, but the point is that if you want to latch on to a growth stock you need to accept the risk that goes with the potential reward. Look at what happened to PSFT and you see what happens when a growth company misses. TTFN, CTC