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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (6531)	9/18/1999 10:59:00 AM
From: Mike Buckley	Read Replies (5) \| Respond to of 54805

Wow! I just stumbled on some Gemstar information I had not been aware of. I'm sure Stew is and will probably justifiably remind me of when he told me about it. :) stephens.com It's a short report about the impact of the deal for Sony to sell 3 million set-top boxes to Cablevision. I knew Sony has a deal to put Gemstar's program guides in their set-top boxes at $10 a box. What I learn from this report is that apparently they pay Gemstar $10 per box even if Sony uses someone else's program guide. Talk about a lock! --Mike Buckley

To: Mike Buckley who wrote (6531)	9/18/1999 11:19:00 AM
From: mauser96	Read Replies (2) \| Respond to of 54805

Thanks. I still hang around the thread, but I try to stay quiet when I don't really have anything useful to add <gg>.. You are so right about the past price of a stock. One of the most difficult lessons a neophyte investor has to learn is that it doesn't matter what he paid for a stock ( tax consequences aside). The market doesn't care what you paid, and waiting to "get even" is usually just a way to avoid admitting error. Letting your ego control your investments can be very expensive. My take on the CTXS -MSFT relationship is that Bill Gates wants MSFT to prosper, and that he is agile enough to change directions at any time. The computer market is in the process of "hourglassing" ( to coin a phrase) The center of the market is probably gradually going to hollow out with the biggest growth at the bigger and smaller ends. Since MSFT main strength is in the center, he will do what it takes to hold this territory. This market wants lower total overall cost, CTXS is the best way to get this, so Gates will support CTXS. Every CTXS system sold means lots of MSFT products sold - if the customers go to something like Linux instead it means fewer MSFT products are sold. I'm not even sure that CTXS requires MSFT cooperation...lots of Windows software products are made without MSFT's help. The main reason that I like both CTXS and SEBL is that the "space" that they have to fill is so large. I think both are now across the chasm. One wave of the future may be the new Handspring Visor idea of plug in modules carrying both software and hardware. There was an article about this in a recent WSJ column by Walter Mossberg. If you haven't seen it I believe it can be seen at ptech.wsj.com

To: Mike Buckley who wrote (6531)	9/19/1999 12:21:00 PM
From: StockHawk	Read Replies (1) \| Respond to of 54805

> I have mastered the discipline of completely ignoring what today's price is relative to yesterday's price. The price of a stock relative to a former price is simply not a factor.< Mike, If the statement above means that you will not hesitate to buy a stock that has already run up in price, then I think it is excellent advice. Too often people hesitate to buy such a stock, thinking it is now too expensive or that they missed the boat, when in fact further appreciation is quite likely. However, the market has shown time and again that stocks tend to continue in their trends. Stocks that have moved up tend to continue to climb (with corrections, of course) while stocks that have shown a pattern of falling prices tend to continue to fall. So it may be more correct to say that past lower prices are not an obstacle to buying - but they are a factor. Past price appreciation is something to look for in quality stocks. StockHawk