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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Claud B who wrote (2560)8/20/1997 2:36:00 AM
From: Bruce A. Bowman   of 3325
 
Claud-

A little late, but to add to the credibility of your customers that hold for > 3 yrs, Jim Sheffield once pointed out over on *P that when you hold a growth stock for a long time and are fortunate to have several splits, the compounded gains permit a double with only a small movement. He had an example of a stock that he'd held for many years (sorry... don't recall which one). In the example, he had bought at ~5/share, then there were a series of splits with growth in between that effectively set his purchase price at 39 cents. That meant that every time the stock increased by 13/32 he had another double on his original investment. Those who bought WalMart when it went public and still hold shares have an even better multiple (something like 3/32 pt.). Compounding is amazing stuff and requires the investment of time, patience and a great deal of good fortune.

Bruce
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