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To: Casaubon who wrote (28971)	9/4/2000 11:09:16 AM
From: donald sew	Read Replies (2) \| Respond to of 42787

Casaubon, >>>> The nature of William O'Niel investing is such that one is trying to "make the big call". The idea is to take advantage of a pattern which companies only go through when they are experiencing rapid acceleration of growth. Do you feel that individual stocks are sufficiently different than overall market dynamics making such calls possible. Or, do you feel that William O'Niel is wrong? <<<< Firstly I have to ask, is he saying that the majority is looking for the big call or is he saying that investing should be based on the BIG CALL? If it is just an observation then I would agree with him. Just from a standpoint of human nature - what would you prefer to talk about, a big gain or a big loss, which brings us to another issue of human nature - GREED. How often in the past few years have you heard about one making huge profits on a big call. What went thru your mind when you heard that. Didnt you also wish to make a huge gain and if you did, then to continue making big gains. If he was saying that the average investor should concentrate on making the big call. Thats where I would have some disagreement, not total disagreement. When looking for the big call, such strategy also increases risk. Those who take the bigger risks who normally come away with the bigger gains, but if they fail they also take the bigger loss. Heres an example - who has the better chance of making it rich. A person who stays at a 9-5 job or one who starts their own business. There are very few who make it to CEO/COO/CFO/etc levels to make it rich, but with an individual biz, the chances are better if the product is good/great. Of course with an individual biz, one has a much greater risk. So I will agree to the point that attempting to make the big call could make one rich. Where I will disagree is that taking such risks are not for everyone, frankly its not for most. Hope I didnt stray too far from the original question, since I wasnt totally sure what you were asking. There will always be stocks that will move more than an INDEX/over market. Qcom is a perfect example of that, in both directions. It gained much more than the market but also lost more.