FBR IPO ALERT THREAD (NYSE: FBG) Message Board

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Technology Stocks : FBR IPO ALERT THREAD (NYSE: FBG)

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To: rdmsqito who wrote (840)	2/13/2000 10:37:00 AM
From: Topannuity	Read Replies (2) of 1044

rdmsqito-- I've posted this before here and at ET thread-- I agree with you.. My experience too has been +310% with all IPOs I received since beginning the IPO game in April 99. Many of these I only received in late fall... So my buy and hold strategy on IPOs -- IF ANNUALIZED -- would be around 600%-700%... Now, my fed + state tax rate is ~40%. So even if I was so smart that I could time my selling to within 10% of "THE REAL TOP" AND if I was even smarter to be able to buy back in to my stocks (who knows, maybe weeks or months later) within 10% of "THE REAL BOTTOM" (both of which are really big "IFs")... then after taking into account both my perfect timing (which I don't believe I have) and my taxes, I STILL AM BETTER OFF buying and holding my stocks as long as we don't have a * 60% * correction!! Now that's practically a crash. In other words, if the market only drops by 50% and DOESN'T COLLAPSE BY MORE THAN 60%, and/or if I sell my portfolio at 15% off the top and or buy back in higher than 10% off the bottom, after paying taxes, I WILL HAVE LOST MUCH MORE THAN I GAINED!!!! PLUS -- WHAT A HEADACHE all that selling and buying and worrying about my timing.. PLUS all the commissions I would have paid. THEREFORE my motto is HANG ON TO THAT BRONCO, Buster (and I'm from New Jersey :) My best strategy is to simply buy and hold (with occasional culling of the weakly performing stocks.) This is especially so with IPOs since I am buying the leading edge companies in a monster revolutionary transition (the "internetization" of global business). And we're only at the beginning stage of at least another 5-15 year buildout. This is such an opportunity. We are exactly at the right place at the right time in these IPO threads. Imagine, we are not only buying into the INTERNET, but we are buying into an IPO frenzy, too. And we are paying wholesale prices for our holdings!!!

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