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

To: Uncle Frank who wrote (27489)	7/9/2000 3:47:13 AM
From: Jacob Snyder	Read Replies (2) \| Respond to of 54805

re: assuming a 40% combined fed and state tax rate (on LT cap gains) You should move to Alaska. No state income tax, so I keep 80% of my LT cap gains. Actually, the state government pays you to live here. Oil revenues have been invested, instead of being spent immediately. Those investments have been largely in stocks, not Treasuries, so over the years the resulting Permanent Fund has grown to 19B$. Last year the Dividend check sent to every Alaskan was $1770.

To: Uncle Frank who wrote (27489)	7/11/2000 11:10:34 AM
From: StockHawk	Read Replies (2) \| Respond to of 54805

>>Buffett advised the perfect time to buy a stock was when it was totally out of favor. Can you think of a better example than the Q?<< Good observation, Frank. I've mentioned before that I have a long term investment in Pfizer, a stock that is not discussed on this board. Six months ago, or so, I did see it mentioned here quite a few times, people would mention it in passing as a stock they sold because it was not performing and the near-term did not look promising. There were many good and valid reasons for these views, but they did not erase the fact that PFE was a very profitable, growing company in a dynamic market. With little fanfare the stock has risen about 50% since then. Similarly, in trolling the boards that are Not about QCOM I am seeing more and more passing posts about the stock being sold because it is not performing well, the short term looks less than promising, etc. Now, I am not suggesting that every beaten down stock that people are selling is going to magically go up, but when the subject is a very profitable, growing company in a dynamic market that has fallen way out of favor, it would seem Buffet-like not to run away. As suggested in the manual, we can not out-react the market, but perhaps, we can out-think it. StockHawk