To: Lynn who wrote (9447 ) 3/6/2000 11:13:00 AM From: JRI Read Replies (2) | Respond to of 17183
Lynn, Tony, Gus.. Since I'm the only one who has actively posted on the subject recently, your comments must be refering to me... Lynn, if you're going to criticize one's argument, at least get the facts right...I never said (nor anyone else here) that EMC has been a "dog"....that is untrue.....what I have said, is that EMC has underperformed, giving a couple of different data points, the overall Nasdaq and many, many big-cap tech stocks....that fact can not be disputed.....you may draw a different conclusion as to what that means......but please don't put words in my (or any else's mouth)..I like debate, I just don't like my arguments misrepresented, or "accentuated" on the positive/negative side by others... As far as being a stock market newbie....you say you are "happy" (?) if your portfolio appreciates at 20%.....regardless of what the overall market averages are doing (?)...to me, that sounds a lot more like a stock market "newbie" to me than anything I (or anyone else) has written.....of course, relative performance is important.......would you really have been happy last year if your investments had appreciated only 20% (while the Nasdaq was up 84%)...I certainly hope not......your comment simply does not make sense....and, if you are happy with such, why not just put money in an index fund (getting better performance), and save the time you spend on these threads for other, meaningful activities.. I recently spoke with some of my wife's relatives in Latin America, who have been overjoyed that their stock investments were making 12% p.a. during the 1990's using the wonderful service (sarcastic) of Citibank-Private Bank....they thought they were doing well, because they were unaware of the overall performance of many market indices.....I suppose their investment representative didn't dwell too much on those pertinent facts.........your comment reminded me of them...12% performance a year, and Citibank PB produces nice looking, color brokerage statements, and only charges a 1% fee on assets a year...picture that....great! Happy as clams! I have held EMC for more than a year....so I am not a momentum-driven newbie to the stock, either.......I think, however, it is more than relevant to question the increasingly momentum "nature" of the market....and how it will effect EMC, the stock...short-term and medium-term.......that does not make a momentum investor....it is just a recognition of a possibility and, likely, a reality....