Not for the weak of hearts is right. I decided last year that this year was going to be the year of broadband, be it land line or wireless. Also, I thought that 1999 was going to be the year that we had a shift from a PC centric high tech market to one that was dominated by broadband and all the devices and content that goes with it. So I wanted to invest in companies I felt would provide the means to make it happen, be it on the front end, in between or on the back end. So I invested in ATHM, AOL, in Nov. had own LU and CSCO, waited for the right time for QCOM bought that in 1999 and added RNWK for the streaming media play, recently I have been going after AWRE for the purest play in xDSL broadband over POT. I will add QWST if it goes much lower here. I have held DELL for along time, the best PC buy there was and still is, but I have been selling it. DELL has provided me the means to assemble my above portfolio, I still own many thousands of shares, I'm giving it till next earnings to proof it's worth to me before I sell it all.
The final point I want to make is we have not even come close to realizing the broadband Internet age, so I feel all of the above stocks have much more room to appreciate. So I'm adding during this gift that is being presented to me.
Greg |
