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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Jung who wrote (6602)	9/1/1998 10:00:00 PM
From: Kory	Read Replies (1) \| Respond to of 8002

Spoken like a true short term trader. Please go to a charting service and do a chart for the last 20 years (or the maximum since the company was founded) on all the stocks you list below. You will find that although KO has done exceptionally well, a 20 year investment in PEP or OAT was definitely a good investment as well. I hardly understand how you would say that any of the three has been "unsuccessful". But I guess as a short term trader, success is proven by stock price movement in the last two weeks, or at a absolute maximum 1 year. Even most of the technology companies you list such as Microdyne and Cabletron Systems have decent records if you look at the long term history. Others, such as Lucent, is actually a spin-off from AT&T, so you got both if you were a long term investor in T. Bottom line, the failure ratio for major U.S. Corporations only goes in the opposite direction for short term traders bouncing in and out of stocks and paying brokers fees on every trade. For long term holders of most companies, and definitely indexes such as the S&P500, long term holding investing has made them rich. Kory