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Some workers are shrugging off the risks of company stock even as the market appears more and more perilous. Jack Bennett, 58 years old, of Brick, N.J., was generally a buy-and-hold investor until about a year ago. But as he saw the market stumbling badly, he began to make large trades in and out of the stock of his employer, General Electric Co., at times putting about 90% of his 401(k) into the shares. Mr. Bennett, who handles field operations for NBC News, credits the strategy with helping him keep his 401(k) flat last year, and he plays down the risks. "I don't see us as an Enron," he says.