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Strategies & Market Trends : YEEHAW CANDIDATES

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To: stevenallen who wrote (6363)1/8/2005 5:42:31 PM
From: Sergio H  Read Replies (3) of 23958
 
Steven, one trick that I've always recommended in stock selection, is to look over a listing of the previous year's individual stock perfomance. Start with the worst performer and stop when you find a company that you are familiar. Buy this stock. Results will vary depending on the individual and past performace is not an indication of future results. <ggg>

Not everything is guaranteed, as we all know. The Dogs of the Dow theory didn't work for 2004! And Paul Allen got number 9 in Power Lunch's Top Ten Bad Acts for Media Moguls in 2004:

yahoo.businessweek.com

<Selling at the IPO price. Want a pigeon? Find Paul Allen. The Microsoft (MSFT ) co-founder has rolled snake eyes on just about everything he has touched since leaving Redmond. In his quest to create a "wired world" he lost some $10 billion after buying the Charter (CHTR ) cable-TV system and investing in Internet sites that went nowhere. And in 2004, he showed timing was, for him, everything -- or nothing.

Allen, a major bankroller of DreamWorks, was finally in a position to win when the hit-making animation unit went public in October. But he decided to sell some of his stake -- $137 million worth -- at the company's IPO price of $28 on Oct. 28. Shares that same day closed at $38.75 and hit $40 a month later, meaning Allen could have gotten an additional $59 million had he held on for four more weeks. Sure, he has some $25 billion and a football-field-size yacht -- but he also has the rep of a guy with a leaden touch.>
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