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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (3468)	4/22/2000 4:00:00 PM
From: Gary E	Read Replies (1) \| Respond to of 5853

Does it matter to GG if his picks go up ?... or down ? If I were GG would I care one way or the other..... At 60,000 subscribers, GG has 18 million sheepel dollars in his bank account, EVERY year.... Regards Hal

To: Rich1 who wrote (3468)	4/23/2000 1:26:00 AM
From: dday	Read Replies (1) \| Respond to of 5853

Rich, Not sure you have it all exactly right. GG's report comes online and is quickly dispersed to many sites (Yahoo etc.) As the subscriber list has grown and as GG has gained more media prominence, more daytrading types have taken to play his picks for a quick pop. XLA gapped because of a halt in trading that morning. That was an exchange decision due to an imbalance of buy orders. Nothing to do with GG. He did not recommend that you buy the stock at that moment. As far as Globalstar goes, GG has been adamant that their technology is superior to that of the late Irridium. He still is bullish based on his comments over at the Telecosm lounge. As he points out, QCOM took a long time to be accepted. There were days when many of us 'early' buyers questioned our sanity for holding QCOM. After all, Amazon, AOL and many other techs were soaring and our 'dog' stayed flat and bottomed out around 39 or so in Oct. 98 correction. (that would be around $4- $5 or so post split). The fact that GSTRF has dropped dramatically the past few months means GG is either early or going to be proved wrong. What is the big deal either way? Surely, we don't expect a 100% track record from anyone. Certainly, high profile GSTRF detractors like Hymowitz (a CNBC regular)have made for a fairly lively debate. Hymowitz has a valid point concerning the pricing of GSTRF debt securities in the secondary market. If they are discounted too heavily, it is an indication that the company may have a difficult time meeting its financial obligations and/or hit the debt markets for capital. (cost may be too high). Of course, LOR's principals insist that they are pretty much on plan. IN their recent CC (I listened to the replay a few times), they acknowledged some 'small' problems but felt that there were no insurmountable obstacles in the way of a successful launch. I think that, unfortunately, most people like the easy way out. They want some foolproof method of picking stocks that have no risk and garner 1000% returns each year. (LOL) So, when a fellow like GG builds an enviable track record via picks like JDSU, QCOM, LVLT, GBLX, NSM, CNXT,etc. etc. and, then, stumbles with a GSTRF (even if it may prove out to be a short term stumble), then the detractors pile on. It is ridiculous. I recall after the NSM recommendation, the stock eventually dropped from around $12-$14 to $9. I had taken a position after looking at the company's focus of single chip solutions and the Foveon camera project. I would read the SI NSM board and peeked over at Yahoo as well. The consensus opinion was all negative. Even purported posters with supposed close ties to the company were bearish. So, it is not uncommon that when a stock is down and getting hit that the detractors come out of the woodwork. I see it on SI and other forums every day. I would suggest that you close your eyes and pretend that it is now 2010 and you have just ordered your personal 'bot' to retrieve yesterday's closing prices on the GASDWQ (Global Association of Securities Dealers Wireless Quotes). Then, try to imagine what stocks might make that list and at what price. Remember, John Templeton has always stated that short term to him was 10 years-----------(I suppose that is 10 nanoseconds in today's internet time). Using that perspective, might help us all position our true LTB&H investments. Best of luck on Monday Regards Bob