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Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?

To: jkb who wrote (2281)	5/2/1998 12:24:00 AM
From: George Sepetjian	Respond to of 7150

Only Get the Crumbs. I don't recall where I read it but someone knowledgeable in the investment community wrote that #1 gets 60-70% mkt share,#2 gets 20% and everbody else fights for what's leftover. Intel-chips, Microsoft-software, Cisco-networking, Coke-softdrinks, Mcdonalds-fast food, ATT-telecoms. I'm sure there are plenty of other examples-my memory fails me but I think you get my point. My natural tendency is to buy/support the small guy/stock. It's an extension of my personality & my disdain for the big guy. Unfortunately, when it comes to $ it doesn't help to bring your personality into the mix. You'll get killed unless you are nimble enough to trade the small caps. I bought IFMX,APLX & BAY and am sitting on what I personally consider large losses. I wasn't nimble enough. I learned my lesson & have applied it to Chkpf thrice for some decent short term profits. It's my way of never falling in love with a small cap stock expecting it to take over the world. Here's something to ponder that you can apply to your real-life and investing. At work don't you see other people who are ahead of you,who make more money, have more power but you know that you do a better job, are more intelligent, work harder & you still can't understand why they are where they are at & you continue to plow on. Just because you are the best doesn't mean you are #1. In real life,stocks or sports. Now apply that logic to small cap stocks & I think you'll understand what I'm saying. It also accounts for why small-cap mutual funds have such a high turnover. I've been disheartened from reading all the posts on how CHKPF is going to take over the world & we are all gonna get rich asap. I think you get my drift.