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To: Larry S. who wrote (17658)12/5/1998 9:21:00 AM
From: Ron McKinnon  Read Replies (1) | Respond to of 53068
 
Larry

>> metamorphosis # 34

if this is only #34 than Jack is a dull boy ggg

>> why i am F**king around the trash

the only house in my area that cost over $5,000,000 is owned by the guy who used to run the local dump; then sold out to Ogden Martin for a trash to energy plant

the fact is that you waddled in trash for a short time and did very well; the latest "burn" only took back a small % of what you made

look at the % gain in your >>>LU, INTC, MSFT, GE, BMY, CSCO, JNJ, USW>>> from say 2 weeks ago and compare the % you would have made on them as a hold vs the return you got on the trash

lets say you bought an equal $ weighed amount of each of your "flying" 8 stocks
here are the returns

1 year 59%
6 months 32%
1 month 11%
10 days 3%
5 days 1%

how does it compare?

a one year return of 59% is extra ordinary
but 1-3-11% over the recent past sucks

the key to the market is now. as it has always been:
F/A, what to buy
T/A, when to buy

none of us are smart enough to get it all right all the time
I continue to be convinced that one should break their portfolio into a number of segments; with different risk and time parameters
and trade accordingly

you know I do a lot of trades that are measured in seconds; but my son still has his INTC from a split adjusted $15.96 from 1/22/95
and I mentioned the tale of the person I was working with who put the $1000 in PFE in 1952 that is now the 16,000 shares (at $112.50 close) sitting in the safe deposit box (ps, $1000 to $1,800,000 over 46 years is "only" a 17% or so compounded annual growth rate)

we simply need to stay flexible and not put every dime into a single concept or time frame

sounds good, now, can we do it ggggggg



To: Larry S. who wrote (17658)12/5/1998 9:48:00 AM
From: Sam Ferguson  Read Replies (1) | Respond to of 53068
 
" Am scratching my head figuring why i am F**king around the trash when LU, INTC, MSFT, GE, BMY, CSCO, JNJ, USW etc are FLYING !!!!!!"

TSK TSK PZ, surprised at your language!!! Don't feel lonesome I still hold KEG. gggg Why??? Still brainwashed oil will have a comeback. Need good deprogrammer.



To: Larry S. who wrote (17658)12/6/1998 9:33:00 AM
From: AnnaInVA  Read Replies (1) | Respond to of 53068
 
>> Am scratching my head figuring why i am F**king around the trash <<

Larry, if you think NAVR falls into the above category, just to
brighten your day by saying that NAVR CEO will be on Squawk on
Wednesday and to hopefully announce the long-awaited IPO of NetRadio.
Unless he will appear to only defend his recent 144 filing re selling a small portion of his NAVR holdings.

...... aaaaand, if you were playing MYSW, they will be presented on
Squawk in the morning.

Ciao,