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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: AnnaInVA who wrote (18530)	1/14/1999 8:31:00 AM
From: Larry S.	Respond to of 53068

Stock chat: - Yesterday, in my long term, buy and hold quality stocks, portfolio, I sold HSB, a good insurance co, 14 PE, 4% yield and bot YHOO. While at first blush this seems like the final stage of the metamorphosis, (degradation?) of this once value conservative investor into a reckless internet techie, it was actually a reasoned act. My goal in that long term account is to buy good stocks that don't need to be watched daily and go for total performance. MSFT, INTC, DELL are long term residents of that portfolio, as are MMC, STT, GLW WCOM, TWX and WMT amongst others. AOL was added 2 months ago, T was added last week. Last year i did very few trades and had a 38% return in that portfolio. I also talked with a friend who wanted to invest in the internet. He was all frothy about stocks that go from 5 to 30 in two days. I said good luck, but my recommendation was to buy the two leaders: YHOO and AOL. I believe he did so. Other thoughts: CBS looks ready to go, todays Marketwatch debut could jump the stock. UIS reported very good earnings and looks to keep setting new highs. DIS is a question mark. Actually, i debated between selling HAL and HSB to raise funds to buy YHOO. HAL seemed to offer better long term potential, but barely escaped the guillotine. The nets offer incredible trading opportunities, for those brave of heart and fleet of fingers. Larry