companies that make smartphone components in 2009, the first half of 2010, skyworks solutions, cypress semirrus logic, the audio play. so name some of the biggest players of the period. these have the life cycle of a may fly. the trick is to lock in your profits when you have them so you don't get burned when interest wanes, and second, cut your losses when they become too large when a spec you thought would work out isn't panning out. you're not trying to find a stock you can buy and hold. we're not looking for buy and hold forever. we have something that shoots higher. as long as you're disciplined and ring the register, it doesn't matter if that stock comes down later. don't take that as a license to own the stocks of companies with bad or deteriorating fundamentals, though. that's just the essence of stupid speculation. here's the bottom line, you need to own something speculative. that's a key part of the diversification i outlined, something that will help you stave off boredom, potentially rack up huge gains to capture your fancy. lots of fantastic stocks start as speculations and ju