You have almost exactly reflected my thinking, too. My portfolio is
relatively small, not enough to retire on, but enough to hope for the future.
I am involved in the high tech business as a consultant and sales representative, and I tend to purchase what I like or know. Occasionally, I react to others "tips", but so far that tactic has me involved with Iomega and Syquest at a loss.
I do think individuals like us are far more important to the day-to-day Internet stock activity, than is thought. It's very obvious when I read the various threads on Silicon Investor. The thinking is 50% subjective, and 50% traditional financial analysis.
I do look for companies which are currently profitable, Yahoo, Ebay, rather than those that have rosy future projected business plans, Amazon, Ktel, etc.
Ktel is a great "bad" example. It triples in value, and then is delisted for lack of net worth.
Anyway, best of luck in this exciting investing time. Have faith, your thinking is as accurate as any these days. |
