Re: srvhap -BRCM
Sorry to take so long to respond, Work has keep me busy except for watching quotes. Had the Shuttle Columbia to launch last Thur. which was delayed until Fri. with its 2052 passengers ( 18 pregnant mice and 1514 crickets, 135 snails, 152 rats and 233 fish) in the Neurolab ( psu.edu Plus I worked 12hr days over the weekend performing Titan Simulations.
Hope most have been watching the HBO Special From the Earth to the Moon Series. Excellent! hbo.com
Purchased ROSS last week at $3 3/8, looking for a good Q report due out after the close this Thrursday. Still working those Double$ for the first half of 98. CORR went off right on time, purchased Feb. 5th for a double the 1st week of April, wish they all could be right on time.
<<Re: Broadcom , No Shame Here ----->>>
Jim, I did not mean that in a malicious sense - Not at all. I know no one on SI (maybe in any of the cyber places I frequent) who packs more info in a post than you. My comment was just one in general, this market is nuts every company that says they are gonna lose money goes up, those that meet or slightly exceed there numbers get taken down.. I just find it interesting (sad) that people are getting sucked in all over the place. There are folks on the Broadcom thread that are talking about placing limit orders way out there...
I feel pretty confident in saying that many -- most -- likely have no real idea what Broadcom does and less about there future.
srvhap,
Coming from you I'm sure there was no Malicious intended at all.
But I'm not here to hold anyone's hand. I took a responsible direction and informed those on this thread how HOT the IPO would be, I doubt we will find many newbies Lurking around a thread of an non public company. Giving an inital alert in March, I hope someone could have pleaded with a broker to secure shares at a Pre-IPO price. I know I tried and failed. I did have a Limit order in at $25, I swear I saw the ROSS ticker Laugh as it flew by.....
I continue to post here because I know and trust many of it's Seasoned Members. Where else can you find people you know and trust on the Web, all in one place, providing excellent information.
You won't find any of my posts hyping BRCM on the BRCM Thread. I made one post on BRCM, and it was to correct a misconception, and to give the readers some knowledge of what BRCM/bandwidth is all about.
Message 3999571
I'm sorry that Gujju Bhai placed an order at market for Broadcom.OUCH! I hope he did not have in an order for 1000 shares. He has no one to blame but himself or his broker (if full service).
This is why you'll see most IPO investment houses require the participation in an IPO is restricted to accredited investors, and a limited number of sophisticated investors.
As Pat stated this morning " As harsh as it may sound, many of our best lessons are ones we've learned the hard way."
I know no one on SI (maybe in any of the cyber places I frequent) who packs more info in a post than you.
I do pack it, <g> Hopefully it's information people can use, and not BS info. (Whoops! I did include that Neurolab Link)
So trying to keep in form with the past, you might pass on this post to Gujju Bhai, as I hope the following maybe helpful.
Best Regards,
JW@KSC
Try ipo-network.com
Enter the site, and look for the book Making money in New Issues.
Investor's Web Guide:
investorama.com
or here investorama.com
Perhaps a Link to help him find information on investing would help also, this is a nice link to have if you new to the WEB and/or Investing. Saves lot's of time.
ziplink.net
When Investing in an IPO follow these Rules
1. Management needs to be present that has extensive specific industry related experience, preferably with successful large companies. Their length of tenure with the company is very important as you don't want management to be just "hired guns" that are present just as window dressing. Watch out for management teams that are made-up of investment bankers and professionals, they usually spell trouble.
2. Directors should be present that are not affiliated with the company in any other capacity and who provide specific industry related experience. These type of directors can often set the course for a good company to become a great company. Again be on the lookout for a predominance of investment bankers and professionals with little industry experience.
3. Strategic niches should be well defined. It is best if the company is filling a need that exists but is poorly served and they have proven through revenue growth that there is a demand in the area. Be on the lookout for "black box" technology that isn't patent protected and isn't explained in detail. Companies that rely heavily on proprietary formulas, etc. as their sole or primary niche without fully explaining their proprietary rights and having not proven the demand via sustained revenue growth are high risks.
4. Marketing channels must be present, well defined and proven revenue generators. These channels can take all sorts of forms such as direct sales, independent sales reps, and contractual relationships with distributors.
Remember, you can have the best product or service ever, but if you can't sell it you can't even pay the rent.
5. Market potential must be as large as possible. This is known as looking to see how big of a "sand box" the company is playing in. No company can control all of any market, so the larger the entire market, the better are the chances for growth. Typically, you should look to national and international market potential as opposed to strictly regional.
6. Proceed use is also a key teller of tales. Traditionally, companies went public because they were growing.
Today, they go public for all sorts of other reasons: paying down debt, cashing out major shareholders, as spin-offs of larger companies, and on and on. Although in certain circumstances any reason for going public may be justified, the best indicator of a possible winner is growth.
Over All Investment Tips
1. Select successful companies (not problem companies) as investments.
We're always on the lookout for companies with excellent management, improving sales and earnings and superb fundamentals. We give special preference to companies whose earnings are consistently outperforming the market and especially their peer group. It is our guiding principal that good management with a well-defined plan that is fundamentally sound coupled with a well-defined market niche will generally meet or exceed its stated goals.
2. Let your profits run.
This is the single most important virtue of any investment program. Far too many investors lose out on BIG profits because of impatience. Remember, stocks don't always go up as fast as you might want them to. Nevertheless, if you have staying power, you will have a great advantage over the next investor. Don't ever think of taking profits in growing stocks. Let your profits run and run and run. This is how big money is made in the market. Not by taking 10% and 20% profits but by thinking big . . . in terms of 100% and 200% and larger profits.
3. Cut losses short.
Important: be intolerant of losses! Get rid of losers quickly. With most medium priced stocks, do not let your losses exceed 20%. Continually monitor your weak stocks with the thought in mind of doing something about them -- namely selling. But remember, if the company is fundamentally sound, even if the price of the stock goes down, you are probably best to stick with the reason you invested in the company in the first place. If this hasn't changed, stay in (see Number 5).
4. Diversify, but don't over-diversify.
You can grow very wealthy, even enjoy millionaire-like profits, with a relatively small portfolio. It should contain at least five but no more than twelve stocks. This provides you with enough diversification in a great majority of cases.
5. Try to develop one or two wealth-builder stocks.
You might contemplate keeping them for five or ten years or longer if the stocks continue to have positive momentum and sales and earnings show steady improvement. These stocks could be the one or two stocks you would plan to keep right through a sell signal, even though you sell the balance of your portfolio.
Of Course Nothing is Etched in Stone
JW@KSC
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About Time!
For the First Time..............................
SEC to Host Technology Roundtable Will Examine Impact of Technology on Markets and Regulatory Environment of Future
sec.gov |
