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Technology Stocks : Helix Technology, a cold play on semiconductor equipment -- Ignore unavailable to you. Want to Upgrade?

To: John Finley who wrote (740)	12/20/1999 9:21:00 AM
From: Steven Dopp	Read Replies (1) \| Respond to of 1227

I guess our majority rule requirement reduces some poorly thought-out, quickie decisions. However, it also seems to lead to "no decision" a lot of times when, perhaps, a decision is appropritae. Then again, I guess that last comment is a matter of opinion as well! We have a problem with evenly dividing stock analysis among the members of the group. Currently, only 3 members can really research a stock. the rest just sort of go along for the ride. We are trying to get the others more involved in stock picking. This wasn't a problem until we had acquired 12 stocks for our portfolio. at that point, the number of stocks became more than the 3 capable people could handle in terms of keeping up with them. We sold 3 stocks at our last meeting in order to pay off a non-participating club member (i.e. we threw him out of the club). we had to sell to raise money to pay him off. The stocks we sold were an oil driller, ESV (Ensco Intl), a clothing manufacturer/retailer (Nautica), and a rubber glove maker (Safeskin). One of the frustrating things is we did not do a careful analysis as a group regarding which stocks to sell. The club simply decided to dump their "losers". Never mind the fact that ESV had more than doubled in 99 and that Safeskin is in the process of being bought out by Kimberly-Clark. In other words, we may have sold stocks that will be more profitable next year than some of our "winners" because we did not conduct a careful analysis to make this determination.