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To: Knighty Tin who wrote (137101)	12/5/2001 12:59:23 AM
From: Night Trader	Read Replies (2) \| Respond to of 436258

A humorous extract from Jon Markman's MSN column: "Bret Rekas, a frequent source for this column who runs a hedge fund in Minneapolis, is always good for a sarcastic remark about financial journalists. So I wasn’t surprised to receive e-mail the other day from him containing an article from the August 2000 Fortune magazine listing “10 stocks to last the Decade.” He added to the title, “Or Declare Bankruptcy, Whichever Comes First.”... In his mail, he didn’t complain so much about the stinky picks -- including Nortel Networks (NT, news, msgs), down from $80 to $7.50; Enron (ENE, news, msgs), down from $82 to 75 cents; and Broadcom (BRCM, news, msgs), down from $245 to $43 -- as about the reporters’ self-satisfied tone. The writers said they had enlisted some of the “top stock pickers in the country” at brokerages and mutual funds, and noted that despite the potential for future volatility, these 10 “should put your retirement account in good stead and protect you from those recurring nightmares about the stocks that got away.”...Remarked Rekas: “You can see how times have changed. In 2000 people were still fretting about the ‘ones that got away.’ Now, people are fretting about the ones that didn't get away fast enough!” The stocks are down 58% as a group, which means, as Rekas is quick to point out, that if the portfolio now needs to grow at 12% annually for the next eight years just to get back to even..." The funny thing is Markman himself had a similar momentum based portfolio last year: moneycentral.msn.com Well it's good that he can laugh about it ho ho.