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To: McNabb Brothers who wrote (24740)12/11/1997 2:42:00 PM
From: Chuzzlewit  Read Replies (1) | Respond to of 176387
 
Well, brother McNabb, I've been into PSFT for 3 1/2 years. I bought my first shares at about $3. I bought some more at about $17 last April. I haven't sold any. Half of my portfolio consists of growth stocks, and I wish all of them were as good as PSFT (approximately a 93% compounded rate of return!). Sometimes I get burned. I bought ASND at $38, but I'm still holding. I hold these companies until I believe that the long-term, underlying fundamentals have turned negative.

The only stocks that I've sold recently were IBM (at about $75, SEG at about $47, and OXHP at $76). Each of these companies was sold for the same reason: I felt that the underlying fundamentals had deteriorated.

The fact that some of the stocks in my portfolio are "momentum" stocks had nothing to do with their selection. In fact, with the exception of DELL, none of the stocks were momentum stocks at the time I bought them.

Regards,

Paul