Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Chuzzlewit who wrote (340)	4/21/1999 4:20:00 PM
From: jbe	Read Replies (1) \| Respond to of 419

Yes, you did answer my point, Chuzzlewit. And this time, at least, you will not have to face the charge of being an eel. <g> I am sure your advice is excellent. The problem is that I don't know a put from a call, and I never set a "price point". I would like to say that I invest in the spirit of the lady lawyer who held an obscure position in the IRS (which she hated), and who bought 5 stocks for several thousand dollars at some point in the '50's, I think, and held them till she died a few years ago. By that time, the stocks were worth about $10 million dollars. (She left it all to Yeshiva University, which she had never attended, to spite the IRS.) Yes, I would like to say that. But the fact is that I am not a convinced buy-and-holder. (More precisely, I think buying and holding is a crock, in today's environment, at least.) The truth is, as I noted in my post to Joe E., I am just lazy. Hence I have no experience of doing the sensible things you suggest. :-(( Joan

To: Chuzzlewit who wrote (340)	5/4/1999 12:28:00 PM
From: jbe	Read Replies (2) \| Respond to of 419

Well, Chuzzlewit, Southwest Securities (SWS), which owns the online brokerage firm mydiscountbroker, is now up almost 120% since I bought it, and still has a relatively low p/e of 30. This past month, SWS has done better than any other brokerage firm doing on-line business. It has been suggested that this is partially due to the fact that SWS owns a considerable chunk of the shares in the market-maker Knight-Trimark (NITE), which has had a tremendous run.... Any thoughts on either firm, or on the on-line brokerage business in general? Joan