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To: BWAC who wrote (40708)6/17/2002 10:19:54 PM
From: E.J. Neitz Jr  Respond to of 53068
 
Yes!!!! Depreciation is the paramount answer! BWAC, how did I know you would know that? Financial background...yes I remembered.



To: BWAC who wrote (40708)6/17/2002 10:29:49 PM
From: E.J. Neitz Jr  Read Replies (2) | Respond to of 53068
 
Seriously, all 19 of my positions have poor current analyst ratings and most are seeing continued operating losses and even some have negative cash flows. You see that at a typical bottom for a stock, coming off a recession especially in un-loved groups. There is a reason they are at a bottom.....in the tank. Most will recover and go on to post price gains of doubles and triples. A few may fail and go out of business. My biggest fear right now is not going out of business, but being bought out at cheap prices and I never get the longterm double or triple.
At the end of my accumulation period I will probably hold about 75 stocks, and each position will represent only a small risk or gain potential, but collectivly they should produce stellar gains in a few years.