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Non-Tech : DWLima: Investing for Personal Wealth

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To: VBroady who wrote (55)1/6/1999 9:53:00 AM
From: dwlima  Read Replies (1) of 245
 
Keeping things in perspective:

1) you are right. people see a stock jump, they blindly jump on board and then hype the heck out of it on the board- which at that point is usually too late for anyone to make any money going LONG

2) the stocks we have picked have very limited downside. look at DMRK...its valuation in heading down to $40M with $500M in sales and looking to be profitable soon....it is seems too predictable that it will bounce back and stay within the $6-$8 trading range until news comes this month.

3) nasdaq going nuts...great for the nasdaq. but, we need to remember that on an annual basis the market are returning 20% +/- 5%....which is far less than we are expecting with our companies. so, i don't let a nasdaq run deter me or a small decrease in DMRK get me scared.

I think we all know that this is not an easy game. it takes financial knowledge to spot a good deal, it takes luck and a good instinct to get on-board before the big run-ups and it takes patience. we are only a few days into the new year and some people seem concerned that we have not had our big day yet.

i still expect to see one of these stock make a significant move by the end of the month.
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