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Technology Stocks : The Roaring Twenty 1998

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To: Magnatizer who wrote (37)2/28/1998 1:35:00 PM
From: White Shoes  Read Replies (1) of 338
 
TO ALL: ONE MONTH RESULTS:

After one month the portfolio is up 23.25% led by Specialty Teleconstructors which is up 108% on merger news. As usual the portfolio can be followed by clicking on quicken.excite.com

There is plenty of news coming out on almost all of these issues, and several of them have showed remarkable strength as leaders in what is already (at least for now) an overheated market.

Others have been disappointments. Recent pullbacks in Checkfree, Yurie, and MRVC have been disappointing, perhaps harbingers of greater doom and gloom for the markets. Or perhaps they have become strong buys!

I understand SI will be offering integrated portfolios and charting starting March 1. This should be a handy feature. Wonder if it will provide ad revenue for SI.

The NASDAQ is at a hysterical 1770.51. It was at 1578.90 one month ago...a one-month gain of 12.1%. Forget about your mutual funds for the rest of the year, they'll end the year down or flat!

9 of our twenty stocks did NOT beat the stock index. However, a number of the ones that did have increases of 30%, 40%, etc. Some of our dogs were supposed to do well--YURI, MRVC...what happened? Some of the plays are more long term and we'll see them do even better in the future.

HUMCF's value is being realized now and it is starting to break out of its slump, up 10.3% on the month. Some of the other high flyers could continue to roar ahead to multiple-bagger gains on the year. Others will crash and burn. In the end we will come out way ahead of t-bills. Happy savvy growth & value investing, see you again in a month. :)
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