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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (2926)	1/19/1999 11:08:00 AM
From: Sharise Brown	Read Replies (2) \| Respond to of 3424

I sold my MANU last Thurs. I'm buying tulips today.

To: MulhollandDrive who wrote (2926)	1/19/1999 1:22:00 PM
From: Jacob Snyder	Read Replies (2) \| Respond to of 3424

Just made SAP 20% of my portfolio, bought at 31. I buy companies that are: 1. the best in the world at what they do 2. I expect earnings to grow at 20% or more per year long-term, based on continuing to do what their track record proves they can do. That is, I go on track records, not hope. 3. good balance sheet. Cash>LTD 4. nothing major on my long list of "stupid things companies do". 5. I wait, sometimes for years, till the sector goes out of favor, and all the companies have sold off. I like to see a double bottom, or a basing period of several months, to get some assurance that all the momentum guessers have given up on the stock, and only long-term value investors still hold it. Then I take a large position and wait. For instance, I bought CSCO in 4/97, INTC in 6/98, AMAT in 8/98, SLB in 12/98. I think SAP fits on this list. And I hope this double bottom holds.