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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?

To: Hiram Walker who wrote (2803)	6/5/1999 10:45:00 AM
From: gdichaz	Read Replies (1) \| Respond to of 4134

Over a lifetime of investing I have found that my expectation that my knowledge of economics and especially fiscal and monetary policy would help as a background and basis for investing. Wrong. Made more mistakes because I have a fair idea about how the overall economy was doing and would do, and therefore tried to "time" the market, than if I just recognized that the overall stockmarket moves on waves of irrationality and whim. Logic has little to do with the overall market or sectors within it IMO. Dangerous in fact. What does seem to work is to find an area of exploding technology such as fiberoptics and look for companies that have a strong position and a good opportunity to grow rapidly within it. Seems to me that Harmonic is such a company. In such a case it has been my experience that the best time to buy in to such a company as Harmonic is yesterday, second best is today and next best is tomorrow. Waiting for "entry points" is likely to lose more than gain. But this is just an eclectic view which I throw out for consideration. Each of us has to have his/her own approach we are comfortable with. And each needs to act based on personal preference and individual circumstances. All this just IMO. Good luck to everyone whatever investment approach. Chaz