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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (24112)	4/8/1998 7:29:00 PM
From: Adam Nash	Read Replies (2) \| Respond to of 97611

Your statements make as much sense as judging a movie from seeing one frame out of millions. I find it amazing you can make such grandiose assumptions with no more knowledge than that. Maybe I have positions at 32, 27 and want one more at 22. In the 40's in 3 years ? If that's it, maybe I don't want any more at all. jim I have a lot of knowledge about the fundamentals of Compaq's business, their cash flows, efficiencies, margins, and earnings. Daily price movement seems strange to focus on when the goal is a stong, compounded annual return. It seems clear that we are in a market where people are scoffing at a return of 25-30% a year. Crazy. If you don't want any more at all with returns like that, then I think you have unrealistic expectations of what the stock market can do for you long term. As an investment, doesn't it seem weird that all you are focused on differences of 5 points? Why five? Because that's how many digits you have on a hand? Why not 10%? 5%? Why not allocate a certain amount of your portfolio to invest, find the best investment for that money (numerically, to the best of your analysis), and invest. Why this hindge on a couple of points? Fly by night as long as you want. I hope your wings don't get clipped.