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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (2781)11/6/2000 10:26:03 PM
From: Tom Kearney  Respond to of 57684
 
Thanks, Lizzie! I wonder if some people realize you don't even actually have to have accelerating growth all the time? A steady 50% compounded YoY becomes a ton very fast.

What I think about this market is this: I should just go back to work so I can get a cash flow to keep pouring into this market! We could each name our dozen favorite stocks, and as a group expect they'll grow 25%-50% a year, and all do ridiculously well. I think I'll stop trading altogether. Maybe on a giant dip buy a few options for a short time.

CSCO is down what, 30% from its high, has 67% earnings growth this year, expects 60% growth in the next year, which is conservative no doubt. We could put everything in CSCO and just go to the beach everyday. In fact, after the election tomorrow, I think I'll do just that. And think about going back to work.

Regards,
Tom