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Technology Stocks : Internet Guru Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Nanda who wrote (3760)	1/3/2000 8:50:00 AM
From: DO$Kapital	Read Replies (2) \| Respond to of 4337

kensey' has removed EGAN (Doink) at Jan 3 2000 12:49AM Egain Communications ( NASDAQ : EGAN ) Symbol Last Time Change High Low Volume ----- ---- ---- ----- ---- --- ----- EGAN 37.75 2:22PM 1.06 37.75 35.00 206,400 Community Take -------------- 35 Long / 1 Short 'kensey' said: intention with EGAN is to trade out south of 35.5. the stock is not quite there yet (somewhere north of 37), but that is the intention. one impact of the sharp stock market run-up has done is to cause me to operate and strategize more as that of a long term investor. if i am sitting on a 200 percent gain in stock X that accrued over 3 months, it simply doesn't make sense to sell it out even if i think it's topped out. say i put $50,000 into stock X and have seen that investment jack to $150,000 - my short capital gain is net $100,000. say stock X was at 50 at time of investment and now sits at 150. say i think that stock X is going to drop to 120. should i sell it? NO. if i did, i'd give 39.6 over to the Feds and 10.0 percent over to the Staties. that's about $50,000. so unless stock X drops south of 100, i may as well forget about it completely. so if i sold stock X at 150 and then bought it back at 110 i'd lose come tax time. if stock X is a faddish ya-ya stock then i may as well sell it. but if stock X is VRTS, SAPE, EMLX, SEBL, CMRC then why bother? these stocks may fade but probably not by a big enough percentage to make for a 'sell here and buy it back cheaper later' case. or, that is the lab experiment for year 2000 - just hold these things and forget about them. is it difficult to take a portion of one's portfolio and conduct lab experiments? no. i'm used to that. in fact, if one is not able to do that, success is going to be difficult indeed. so potential sell stocks are those that are up anywhere less than 100 percent, which actually are in the minority of big portfolio positions. so i may as well retire? there really doesn't seem like there is that much to do unless i think the case for further gains in technology is shot. do I? NO! on the contrary, i think the next decade in the stock market is dominated by technology related plays. part of the reason for the outsized gains in 1999 is that the internet took hold quicker than previously thought and is spurring bigger productivity gains than previously thought. looking forward, technology should continue to assume a larger part of the economy. it is 'where you want to be'. corrections in core stocks simply need to be waited out and used to add to the positions in which out-sized gains have occurred. or, that is part of the experiment ... so rather than look at the tax issue as a pain in the ass, i'll take it into account as a landscape facet & remain vested in those issues in which it is probably in my best interest to assume a long term perspective. kensey

To: Nanda who wrote (3760)	1/3/2000 9:11:00 AM
From: KZAP	Read Replies (1) \| Respond to of 4337

All your eggs in one basket? <g> This whole thing is screwed up IMO. I think Steve has some good picks on his list, but I also think there are others that are better. PHCM for one. Too many ISPs on the list too IMO. I would pick GEEK for an ISP list for 2000. Looks like the "Fools" are getting raped this morning. I think most on this thread have called them "sheep". "Steve Harmon Internet Top Ten Sheep" <gg> Or "SHITTS" for short. <g> Happy investing! KZAP