techguerilla-
(this was going to be a PM but i decided it was worth throwing out on the porch - so here it is)
so far so good. the news is completely broken. the contract is signed (includes agreement to buy the asic's) and the "sell on the news" factor has not hurt us. lots of coverage on cnbc as well. don't think the houses or the mm's have a hand in where this stock price goes now. i guess my afterhours buy at 129 was enough to push voltaire into buying this morning - jajajajaja! (as if)
i was thinking about what you said about transferring my equities from datek to dlj... i don't know but... it would seem to me that i'd have to sell off my margin before i could transfer, right? these transfers take some time (like a couple weeks at least). to sell off the margin, take the tax gain hit, and then try to re-margin and maybe buy some options sounds like a money losing proposition, no?
just FYI, here's how i pick a stock:
1)it's got to be a big cap tech stock firmly immersed in the new network economy. (it's what i do and what i understand)
2)it's got to be the recognized, demonstrated leader in its sector.
3)it's got to be lean and light enough on it's feet to change direction on a dime on 24 hour notice (no union involvement is a plus - and the more contracted labor, the better) and it's got to have a profit sharing or stock options incentive for it's key employees.
4)it's got to be involved with a product and/or service that i am personally aching to have and believe the masses desire as well. (i want a wireless handheld device with, voice, gps, email, and INTERNET capability to use on board a sailboat anywhere in the world. i want my girlfriend and daughter to have one too... they already have cell phones.)
5)it's got to have first class management, public image and SALES expertise.
6)finally, it's got to have name recognition - enough so that your mother knows what it is, knows what it does, and wants to buy the stock or its goods. (my mother's dead but i've run across several little old ladies in their 60s - 70s who own qcom, are tickled to death and won't let it go for at least five years)
there's ONE company that meets all those criteria hands down and you know the one i'm talking about.
my bibles (or roadmaps) to the future economy are harry s. dent's "the roaring 2000's" and kevin kelly's "new rules for the new economy". (i haven't read the gorilla game yet but intend to). we're evolving into a new paradigm and those who don't heed the new rules are bound to struggle. (sometimes i forget that and can get sucked in to the old economic thinking when i hear some of the older investors and analysts espouse their warnings based on 20th century economics.)
the market is operating under both the old and new paradigms as we make the switch so it's tough to predict what's going to happen in the short term and it adds a lot of volatility to the market (especially in the new network companies)... but i believe the companies that are going to survive and thrive are the ones that have based their future operations on the new rules.
i wish you luck and encourage you to stay the path you're on. (i know we're in the same boat with about the same investment - but it's not just that - i like you dude - we're blood brothers) i hope you make a millieauxon bucks soon. <G>
<polvo rolls up the PM, sticks it in a bottle and tosses it into jimtankerous' cat's water dish over on the corner of the porch>
-polvie |
