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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (172)	8/22/1998 3:06:00 PM
From: White Shoes	Read Replies (1) \| Respond to of 338

Volunteer, some people are receiving very infrequent updates of this via e-mail...let me know if you want on the list. I'm busy and August is lazy time so haven't sent an update recently. In the future I will try to set this up on a proper web site...when I have the time and develop a better plan for a web site, might as well make it interesting & useful. Not counting the portfolio additions made yesterday, the portfolio began Jan. 23 at $50,000 and is now at a painful $66,340 for a return thus far of *only* 32.7%. This is of course excellent but well off the gaudy numbers we were at before the market tanked. A lot of the small caps are dying from lack of liquidity and they took CKFR out and shot it...but by year end I think 100% is doable, we are almost fully invested now and have picked up a number of stocks on sale. Some of the electronic commerce stocks have been suffering from delayed growth but I firmly believe that when some of them take off there will be fireworks. Same goes for small and micro caps. The timing is difficult to predict but you definitely don't want to be abandoning these issues at ridiculously low prices. As for NSCP it will go down before it goes up so the portfolio will be in the doldrums for a time, but long term it's looking good. I have learned a few lessons in all of this, the only way to learn is to go through the process. Eg. value investing is vital to understand all investing. But trying to be a value investor in high technology is fraught with peril. One might be able to approximate some value criteria but if you are too interested in value in this field you will be buying mostly defunct companies with worthless technology. Cash is good only if the company uses it to buy something new and cool.