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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Bill Shepherd who wrote (2801)1/11/1999 5:30:00 PM
From: Hank Stamper   of 15132
 
Gee, I'll bet that guy is kicking himself for missing out on that next 750,000.

This internet stock bubble is getting very interesting by the hour. We are watching history in the making and this bubble will go into the history books.

This situation is actually cheesing me off some; I am not unaffected by either the increase in prices or the psychology. I have a very good stock, purchased on fundamentals, that has more than doubled since I bought about three months ago (JDS, Toronto Stock Exhchange). It has an historical p/e ranging around 28 but now is over 60! I want to hold this company long term and I never considered I'd be selling unless the management or industry fundamentals went bad. Now, I've elected to sell off to my 10%-in-any-given stock weighting. I really don't want to, though. I like seeing the paper profits. And, I worry that the stock will go on up without me. What if this is truly a "new era"? Discipline, David. Discipline.

Ciao
David Todtman
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