Uncle Frank:
Congratulations to you and all the other Q longs as we decisively cleared the $ 200 hurdle today. Q has been my first experience with a gorilla so early in the game and I am holding on to every share I own. I have owned Q since the summer of 1998 and it has been quite a ride! Since reading the Gorilla Game this spring I realized that I purchased my shares too early as the tornado had not yet begun to swirl. I purchased my original shares subsequent to a recommendation by George Gilder who is amazingly accurate in assessing the future directions of technology over a LONG TERM time horizon, which correlates with ringing up big profits through owning gorilla stocks whose dominance the market never wants to believe.
Earlier today, I noted the discussion re: timing. Clearly, timing is never executed perfectly by any of us, but the good news is that if we get in "reasonably early" on only one or two of these great stocks our financial future is certainly more likely to be bright. If one is even more fortunate and makes one of these early investments in a Roth IRA, he or she is even more blessed because there will not be any erosion to the investment resulting from an income tax bite when one chooses to cash in on a portion of the huge profits in retirement.
That said, I cannot resist bringing up Global Crossing, which Gilder identifies as "the best investment opportunity
of 1999." This company is in the process of completing its worldwide undersea fiber network which will service 85% of the world with its option for a seamless end-to-end IP network. I realize that this company does not qualify as a gorilla according to our definitions, but it is compelling right now when you note Gilder's point that the world will have an increasingly insatiable demand for bandwith in an increasingly networked world.
These quotes by Gilder in his most recent "Gilder Technology Report" caused me to add to my position.
"The bandwith glut is not a threat to the Telecosm, it is the basis for it. It's not the glitch in the business plan, it is the business plan."
"GBLX is thus among the most fortunately positioned of Telecosm companies. Like all the other emerging network providers, it is paradoxically powered by the collapsing price of its own product. Over the past three decades it was usually better to be Intel, occupying the relatively high-margin ground of processors around which other components were organized, than to be Micron or Samsung, fighting it out below on the windswept, war-torn plains of the DRAM market. But GBLX will benefit both ways, gaining from the relatively resistant margins of companies with "missing link" products and from the fantastic elasticities of demand driving the transition from Microcosm to Telecosm."
Gilder gets my attention because he is consistently accurate (and early) in pointing the way to where technology is headed. He identified Qualcomm for investment way back in September of 1996. I guess my evolving investment style is a hybrid of GG and GG (George Gilder).
My continued thanks to all on this thread as we continue the journey. Sorry for the long post.
Doug |
