SAP A.G. Message Board - Msg: 5472508

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Technology Stocks : SAP A.G.

SAP 247.13

+0.7%

Dec 5 9:30 AM EST

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To: DownSouth who wrote (2249)	8/11/1998 10:23:00 PM
From: Jay8088	Read Replies (1) of 3424

That is the $64,000 question. I remember back in '94, CSCO collapsed - losing close to 50% in a very short time. I was a value investor back then. And I said, Aha, I knew I shouldn't touch these high p/e, momentum stocks! And I invested in some motorhome stock or something like that - real 'undervalued'. Well ever since then I watched with my mouth open as CSCO went up 10 fold! I lost money on the motorhome stock...Now I believe it is far more important to invest in a dominant company with top notch management - and not be swayed by market gyration - not even 50% drop!. SAP management is one of the best in the world. And they spend billions in software research. I really think SAP has a good shot at being a 10 bagger in 10 years. If not, I will settle for a 5 bagger! So essentially my criteria is one of faith....

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