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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM)

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To: Adelantado who wrote (658)9/3/1999 2:08:00 AM
From: Shane M  Read Replies (2) of 721
 
Joe,

I'm feeling pretty good about DSTM. While I'd like it to shoot immediately to $20 I realize this is a story that's going to take time to develop. The company is betting alot on eMRO and the fact is that we really won't know for a while how that's going to work out. It sounds good to me, but there are alot of people trying to get into that business. The rest of the business seems to be sailing smoothly, especially given the low valuation of the company.

I guess I'm going to be very happy if I can get 20% a year on my investments and DSTM is giving me that. I look at it this way: If I can make 20% a year for 20 years, then I'll have made 38 times my original investment. DSTM is a stock that has potential to do 20% a year for several years (I think it can be worth well over $20 right now), and that kind of performance will get me to where I need to be 20 years from now. Now I'm not saying that I expect DSTM to compound at 20% a year for the next 20. We'd be a pretty big company then. Also, I don't know if I could hold that long. But any investment that can give me a 20% or more return in a given year is a friend of mine. When/if the story changes reallocation decisions must be made - but for now I've made my allocation decision and DSTM is my largest single stock holding.

Here's to hoping for 20%+ annual returns out of this...

Shane
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