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Non-Tech : Costco, slow but sure? -- Ignore unavailable to you. Want to Upgrade?

To: Curbstone who wrote (338)	1/13/1998 8:55:00 PM
From: WalleyB	Read Replies (1) \| Respond to of 1147

Mike, Looks like we are both 43 and have been investing for about the same amount of time. As for me my backgroud offers me little to advance my desire to be a razor sharp stock picker. You're talking to a guy that gets a different answer three out of three times even when using a calculator to add up a grocery list. A while ago I lent my books on the fundamentals of investing to some friends - now I am straining to remember the difference between ROE, ROA, EPS, and Current Ratio to mention a few. I quantify my learning curve buy counting the money I have lost over the money I have gained, now that's a scary ratio! This tax time will be a defining moment as my wife and I do the taxes, uh boy...I just hope she buys the notion that we can offset our taxable income by all these losses! Before that time comes I plan on squirreling away all the cash I can into my ETrade account - just in case she takes the check book away from me :o) Ok, that being said, techs up and cost down? Well, cost over all has a nice advance line which started upwards from a base of 13 back in Nov. of 96 (? I think that's right) The little gyrations and squiggles are simply the trail of a slow but sure and meandering course to .... Greatness! Techs on the other hand had their big day in the summer of 95. Wow! everybody that had a design was making money back then. Then just as quickly the petals fell off the bloom and the techs have been struggling ever since. The science behind the products and their eventual market place moves fast and is competitive. Frankly it makes learning about them as challenging as learning about Wallstreet. The graphs of those high flying companies seem to indicate an advance line that is volitile but moving upward, (OK in some cases you really have to use some imagination, like with my MLIN) The thing that befuddles me is how the PE's, market cap, and EPS vary between various tech stocks. Perhaps Mat can shed some light on that now that the subject has been broached. Mat is the resident Guru here, you no doubt have read some of his posts where it's clear that he missed his calling. The relish with which he delves into a discusion about the deeper things of the market place and fundamentals of various stocks is inspiring. I just wish I new what in world he is talking about! ;O) Well seems I have typed up another book for you to read. Talk later, say hi to the wife for me, glad I could bring a smile to both of your faces, now if you guys could send some of that warm sunshine up our way? <g> jim