Dorine and Herb are currently under the weather after spending mini vacation in Las Vegas celeberating the New Year. (I guess not enough sleep, too much gambling!! and winning LOL). On behalf of Dellheads on SI Dell thread we wish you speedy recovery and we miss your posts. Now that you are famous can we have your autograph to be auctioned at Ebay? ... on Forbes magazine:
Watch out. Five million ordinary investors are
empowered with new trading tools, and they all
seem to think these tools are going to make them
rich.
Amateur hour on Wall
Street
By Matthew Schifrin, with Om Malik
.
.
.
Dorine Essey, 70, and her husband Herb, 79, are
retirees in Miami Lakes, Fla. They used to be
loyal customers of firms like Merrill. Now the
pair spend ten hours a day on-line, much of it
browsing the Silicon Investor Web site. He uses
a Toshiba laptop to trade on E-Trade. She has a
400-megahertz Hewlett-Packard with a
12-gigabyte hard drive, and trades via DLJ
Direct. In one week in December they made a
dozen trades in stocks like SkyMall,
Egghead.com and Genesis Direct.
"My philosophy is, don't marry your stocks, and,
above all, take your profits and run," says Dorine.
Just how high a multiple of earnings is she willing
to pay for a company? "I pay no attention to
P/Es," she says. "They don't matter." Not just
now, anyway.
Congratulations Dorine and Herb!!
PAL.
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