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Politics : Ask Michael Burke

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To: The Perfect Hedge who wrote (37219)	11/21/1998 8:58:00 PM
From: Knighty Tin	Read Replies (1) of 132070

B, I have held Medtronic in lesser and greater amounts since 1967. That's the only one. It is and was an experiment to see if buy and hold was a hoax. The 4 other stocks I tried it with all failed the test of time. I made money on them, but their long term stories got muddled. MDT has been wonderful, but I think it is the exception that proves the rule. My target on Ligand is $50 within 5 years. I know that that would be woeful underperformance vs. internut stocks that quadruple in a week, but I still think it is worthwhile. <G>

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