Chicken,
Your right, what I wrote can be confusing.
In recent editions of the online version the wording
has been changed a little.
In 1998, 225 different specific stock ideas appeared in
the IFC. As of July 5, 1999, the return of the group
of stocks that appeared in the IFC in 1998 rose an
astounding 51%. What is even more amazing is that in 1999,
185 stocks appeared in this column and as of July 3, of
2000, that group of stocks was up 56%.
All of the stocks were calculated using a percentage basis.
I suppose if you invested $100, $1,000 or even
$1 million in each stock idea when it was mentioned
in 1999, your portfolio
would have been up 56.32% as of July 3, 2000.
Yes, the NASDAQ as you pointed out was at and went to:
COMP Jan 1, 1999 - 2207
COMP July 3, 2000 - 4023
The stock ideas that appeared in January of 1999, had
about 18 months to appreciate but at the same
time the stocks mentioned in December only had
about 6 months to appreciate.
Hope this helps.
Mark |
