Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (52792)	8/30/2004 6:39:28 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Maurice, since my fateful first post to him, has yet to break even, much less than making money, whilst my positions held since that time has recorded gains of 13-15% per annum.> Jay, that's not quite accurate, but close. I can't say you have been cauliflowered and other brutal things. In fact, I have to agree that your 13%-15% per annum increase is an improvement over my relatively puny results. QCOM on 26 February 2001, split-adjusted, was $30, before the grinding down to $12 [split adjusted]. Now it's $38. In 3 years that is about 9% a year with a nasty roller-coaster ride down to the dungeon on the way. In US$ our house has done better than that [+50% or so over the three years], which is hardly a vote of confidence for the glories of the mobile cyberspace revolution. Our US$ cash are fewer, due to spending in excess of the puny 1% interest return. So, overall, your nausage growth has been bigger than mine, though not really of Viagran or spam proportions and certainly not of catalclysmic Great Financial Collapse proportions with financial resets to zero, the coming of which is yet to be. However, I maintain that QCOM is a very big willie. Net-net, all-in-all, and added up, there isn't a big difference in the positions. Though I'd concede you are ahead on points. I was surprised at the going to zero of Globalstar, though I was fortunate to sell a lot of bonds at double their cost price when I determined that they were not going to be worthwhile either. So far, we are both wrong. No great crash with global financial fiat failure and the cyberspace revolution is battling along, slowly, still limping in recovery mode, though QUALCOMM, fortunately for me, is doing very well. The Dow is still hanging around 10,000 and hasn't reached my promised land of 16,000 despite the passage of 2 years since it was due. Mqurice