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Technology Stocks : Internet Analysis - Discussion -- Ignore unavailable to you. Want to Upgrade?

To: jbe who wrote (337)	4/21/1999 1:14:00 PM
From: Joe E.	Read Replies (1) \| Respond to of 419

My 2cents on the "a nice regular stock being taken over by its (slight) internet prospects problem" Since this thread is pretty much a value-oriented thread, maybe I should point that value oriented stock pickers start with a value for the stock, buy the stock when it is trading significantly below same, and then sell the stock when it is trading significantly above same, repeating the strategy until they retire rich or lose all of their money. Seems to me a nice value oriented investor would recheck the valuation of a stock taken over by those internut momo players, and, finding the valuation not changed but the price way up, then gracefully retire from the field with a nice profit. Then the value oriented investor would look for another get-rich-slow vehicle to invest in (perhaps one with an internet angle that might attract the internuts and improperly drive the price up).

To: jbe who wrote (337)	4/21/1999 4:01:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 419

Sorry that I misunderstood the thrust of your question. Now I understand that ... it BOTHERS [you] when a stock that I have purchased because it meets certain criteria is "taken over" by momentum players who don't give a damn about those criteria; in other words, when the stock becomes a "captive of the craze". There are worse things <g>. You could adapt a value investor stance and simply sell when your price points are met, or you can do what I do. When the price gets a little crazy you could buy a protective put (which will appreciate if the price of the stock drops) or you could sell an in the money call. The worst that happens in any of these situations is you realize your profits sooner rather than later. I am a long-term holder of BKS, and I see the craziness starting. I hope (and pray) that this answers your point, lest I be accused of being an eel again <G>. CTC