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To: Lucretius who wrote (15667)	3/20/1998 12:16:00 PM
From: Broken_Clock	Read Replies (3) \| Respond to of 95453

Luc... aren't you just a long term mo mo guy... >>g<< What type of dividend does NE pay? None, I think. Therefore, the only return on NE stock is a higher stock price based on the buyer's perception that the stock is to be desired. I doubt many were buying NE when the stock was diving in the 80s. Now a true long term investor would have kept his GLM after he bought it at $250 in the late 70s, right? IMO the stock market is 99% mo mo. The only difference to the investor is his time perception. Now, a true investor might be inclined to buy PBT which is strictly a return on capital invested by way of dividends. PK

To: Lucretius who wrote (15667)	3/20/1998 12:58:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 95453

OT LT, I went to an investors forum last week, and the topic was "How to make money in hi-tech momentum investing." Guy gets up with all his charts and graphs and shows how you look at stocks with IBD relative strength of 95 and above, and how your entry point is when the 13 day MA crosses the 26 day MA yada yada yada ... He goes on like this for an hour and shows us the portfolio and the audience is very impressed -- the guy has gotten a 10% return in six weeks. So then I raise my hand and ask him how the NASDAQ composite did over that same time period. The guy rummages through his charts and stuff and comes up with <drum roll please!> 11%!!!! "So", says I, "you have managed to underperform the market by about 1% during a six week period in which the market made a very strong up move, and you neglected transaction costs in all of this." Guy takes the next question. True story. Regards, Paul