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Technology Stocks : High Growth Techstocks for 1998

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To: Dr. Harvey who wrote (592)11/10/1998 2:27:00 PM
From: White Shoes  Read Replies (1) of 598
 
Dr. Harvey, people who think that whenever some stock goes up 300%, they have been "bitten in the ass" are vulnerable to smooth talking operators like yourself.

Many thousands of stocks have gone up hundreds of percent. There are trillions of dollars of unrealized opportunities in the stock market.

I most certainly hope you start your own thread and faithfully report your returns, with no monkey business, and not just bragging on the one day that the stock is spiked up for a pump and dump.

If you go to my thread The Roaring Twenty 1998, I have duly recorded every transaction in a mock tech portfolio (including selling half my NSCP today). Currently the portfolio is up 37% since January 28, 1998, pretty good considering all the losers I put in the portfolio on the advice of hucksters such as yourself (I dumped most of these after taking losses).

Some of the winning stocks in that portfolio have been:

NSCP (buy low, sell high)
XCIT (ditto)
APCC (great brand, great co.)
IFM on Toronto/Montreal (sold high)
SCTR, now XMIT (sold high)
INSO
YURI (bought out for big gain)

Some losers have included
TLDCF
SWEBF
ACTC

I continue to have hope long term for:
FDX
CMIV
PTEC
CKFR

My longshots include:
CYCH (finger on the trigger)
FCSE

All in all you can make great gains in the market by sticking with understandable products and larger names, although I have learned the understandable part is next to impossible in the techs. Maybe the average investor just shouldn't invest in techs. Someone can always spin your head with a story, but if it's trading in the pennies you'd better understand the company damn well or know the president...otherwise you are probably being played for a fool.
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