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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (97871)3/10/2000 2:45:00 PM
From: 5dave22  Read Replies (1) of 1583712
 
ted "Its too bad we got caught up in the game."

I can't agree more. It's too bad people are attributing the run-up to the X-Box speculation. And once we stablize (hopefully in the mid-50s) - we will have the added beni of some short coverings.

Similar story (I'm in advertising) - I own a considerable amount of OMC - Omnicom. We're huge. We double like clockwork (slowly and not very exciting). We made some investments in Agency.com, Razorfish, and Organic - all once hot IPOs. All of a sudden we were dubbed "venture capitalists". We had seen a nice steady rise to $100+, we dropped down to $95 - and when venture capitalists took a hit a couple of weeks ago we dropped back to $78. It was kind of disheartening. When CMGI and ICGE popped again recently, people just thought of us as an advertising holding company. Very bummed we got caught in the game, until I realized it was a great opp to pick some up on the open market. I now own in 401K, ESPP, IRA and now open market.

Dave
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