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The Rich Get Richer
Close 9/2/98
TICK MARKET CAP URL
==== ============== ===
AMZN $4,345,594,500 amazon.com
BKS $1,872,417,313 barnesandnoble.com
BGP $1,733,889,500 borders.com
KTEL $48,227,500 ktel.com
"In some senses what I'm saying is that in business, the rich generally
tend to get richer, the poor poorer." - David Gardner, in a message explaining
why basic valuation principles do not apply to stocks that he advocates.
Source: boards.fool.com
Zaxbowow, who believes the FoolPort philosophy to be bankrupt, does not agree with this
statement. Zax notes, however, that if such an age has in fact arrived, there is truly
only one course of action appropriate...
** LETS PLAY ROBIN HOOD **
How to Pick a Rich Man's Pocket (Zax's First Ever Day Trade):
Selling 150 shares of AOL at Market. Tracking#: F-200-AABL-9672 09/02/1998 13:28:52
Executed: Sold 150 AOL at 92 1/4 09/02/1998 13:31:57
Buying 150 shares of AOL at Market. Tracking#: F-200-AABM-6169 09/02/1998 15:58:32
Executed: Bought 150 AOL at 88 13/16 09/02/1998 15:58:43
(150 * [92 1/4 - 88 13/16]) = 515.63 - $20.00 = $485.64 NET
Lets just call this a new concept in investing... "Direct FoolPort Withdrawal".
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