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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Kip518 who wrote (36685)	1/23/1999 10:21:00 AM
From: HighTech	Respond to of 94695

There are only a handful of stocks in this category that satisfy our own criteria. (These stocks are listed on the "Master Portfolios" page of the newsletter). Can you provide this list? TIA HiTech

To: Kip518 who wrote (36685)	1/23/1999 11:21:00 AM
From: Kip518	Respond to of 94695

OT - personal reflections -- hence, I address this message to myself ;0}) I got shares of MarketWatch at the offering price and sold it at 120, netting (love that word) 103 points. When I placed the sell order, my broker told me to expect execution of plus or minus 10 points, the widest range on a sell order in over 1,000 lifetime trades. thestreet.com Reading the squib above made me again think of my investing 30 years ago, in the late sixties, when I was just a young guy with no sense of how markets worked or that what I was experiencing wasn't "normal." I was recently married and my new father-in-law, a doctor who played the stockmarket heavily, gave us 100 shares of a $15 stock as a wedding present. He also setup an account for me with his broker, who treated me well because he wanted to stay in my father-in-law's good graces. The late sixties was the last era when IPO's were really, really hot. For many years I used to tell my investing friends my favorite story of how I got 100 shares of an IPO healthcare company called Unicare (long since bankrupt & the name taken by another company) for $5 that went $160 in five months! They were amazed that such a thing could happen. Now, again, it's become commonplace. Of course, everyone knows what happened to the market in the decline of 72-74, but it begin first as stagnation. By the early 70's, I had moved my little pot of money from the stock market to commodities futures trading where the action was faster. Stocks has gotten too tame. Lost it that pot and more within a few months. I didn't (was able) to go back to the stock market for many years (I'll never, ever, touch commodity trading again). My father-in-law was convinced that he was going to become a millionaire by investing everything in one stock -- a hot company that franchised adult education centers. He mortgaged his house to the hilt, bought shares, took those shares to the bank where he borrowed on them (getting 70% or market value and avoiding margin limits, illegally, by telling them he was using the money for non-investments purposes), buying more shares, taking them to the bank, etc. etc. He built a huge stack in the company. He was a millionaire, on paper. When things were really looking great (he had just bought a fancy vacation home in Florida, a new airplane, new cars for family, etc.) the WSJ broke the story of accounting irregularities at Career Academy. Within a couple of months, he lost everything except his home and his practice. The company was bankrupt shortly thereafter. A lot of folks are going to have incredible stories from this bull run. I wonder if they'll be spell-binding for another 30 years.