HI Bill; The thing is really going back to buy the dips, they
very likley didn't truly sell off yesterday but hedged
Greenies talk, I guess for the time being the excess Money in the
Money Markets is the driving force. When the market goes up like
this one if your not on the train you get left behind, but if
the train gets de-railed it's going to be a bummer.
I feel I'm sort of hedeged at this time, not looking for the
big kill. Still have some cash, and more bonds than stocks.
Some of my bond portfolio is the old fashion type, and won't
be cashable till 2002 to 2005 I locked in rates at 8%
before they fell and I don't care how high this market goes
I'm not getting rid of them till I have to.
If I kick the bucket my wife don't know how to deal with the
market, but bonds are something she can understand and deal with
she has instuctions and the power to close all my equities
and just move into bonds. And I'm thinking now she may under
stand some mutual funds, and just put a part in one that has
a long term track record of not breaking the speed record but
doing reasonable well with very few down turns.
This outrunning the S&P is for the strong at heart and the
younger breed but I have had fun trying it with a part of my money
--------------------------
Here is a small portfolio I started on Jan 30, even though I
was planing to get away from individual stocks I picked me a basket
of some cheap penny stocks except for 2 of them and of
thoes two I only boght 100 of the top one and 200 of the bottom
one with 500 of each of the cheaper ones, the whole basket cost a
modest 11281.43 with commissions. It's now worth 12965.62 but
would cost me $108 to sell it and the spread.
Symbol Name Last Change Paid Gain Trade Date Annual
^SPX S&P 500 INDEX 1041.15 +10.59 +1.03% 980.28 $0.00 N/A 30-Jan-98 N/A
APM APPLIED MAGNETIC 11 7/8 +1/4 +2.15% 12 1/16 -$18.75 -1.55% 30-Jan-98 -19.74%
MBRK MEADWBRK REHB A 3 7/8 0 0.00% 2 5/8 $625.00 +47.62% 30-Jan-98 +23586.40%
STMD STORMEDIA INC 2 13/16 +1/32 +1.12% 2 1/2 $156.25 +12.50% 30-Jan-98 +422.52%
CEON CERION TECH 2 1/16 0 0.00% 1 45/64 $179.69 +21.10% 30-Jan-98 +1369.81%
CPRO CELLPRO INC 3 7/16 0 0.00% 2 1/2 $468.75 +37.50% 30-Jan-98 +8640.92%
MDEA MEDIA 100 INC 3 3/8 -1/16 -1.82% 3 1/2 -$62.50 -3.57% 30-Jan-98 -39.98%
NORPF NORD PACIFIC 2 13/16 +1/16 +2.27% 2 1/4 $281.25 +25.00% 30-Jan-98 +2193.33%
PCIG PREM CIGARS 2 1/32 0 0.00% 2 1/32 $0.00 N/A 30-Jan-98 N/A
EXBT EXABYTE CORP 8 1/16 -1/8 -1.53% 7 1/16 $200.00 +14.16% 30-Jan-98 +541.76%
10 symbols
$1,829.69+16.38%
-------------------------------
Its up 16.38% since Jan 30th..while the S&P is up 6,23%
Of course to sell now I would lose about about 2% to 3% of the gain
to spread and commisions. BUt still put it well over double the S&P
in the same time frame.
-------------------
The trick here was I scaned for stocks under $10, and selling
below book value, then I picked through a big goob of them
looking for "CASH" in most cases I found companies that had
gotten over sold to the point they were trading below the
cash they had on hand. I had not tried it basket like before and didn't want to post it untill I saw how it did. But I recalled
haveing found a few in the past and were I didn't make a big bundel
on any of them I never lost but on one. So I said what the heck
I'll give it a real test. It took me a week end to find what
I wanted. I'm down on two of them but still have faith they
will rise. It's hard to dig up companies that sell below the
cash they have and in most cases you will find they are
tiny. But It seems to be the most sure way I've found so far
of turning a profit. I'm not looking for a big hit but will
be satisfied if they get up 25% by then I hope to do another
screening. This is value investing in it's most basic and
and simple form I'v found.
Jim
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