To: KrisCo who wrote (3777 ) 5/26/1999 5:17:00 PM From: AGORA Read Replies (1) | Respond to of 6076
Good afternoon, Krisco. Thank-you for your question. If we understand your question correctly, then our answer is as follows: 1] The AGORA Portfolio is unaffected by personal bias or personal holdings. All decisions regarding acquisitions and dispositions are made objectively and with a bias to the conservative side. In other words, acquisitions are only made where we believe there is a heavy probability of success. Otherwise, we never feel the need to make acqusitions if the right opportunity does not present itself. Are we always right? No but 80% is pretty good. Here is the link to our portfolio track record.agoracorp.com This record pertains to December 1, 1997 to January 29, 1999. Our record into the first week of May is scheduled to be released very shortly. We delay our public records because because anything less would be unfair to paying subscribers. 2] Our personal holdings tend to follow our portfolio holdings but there are some differences. For example, we tend to take a few more risks but the basic principals are the same. Thus, in the example of Sideware, we will probably hold on to a greater portion of our personal holdings than in The AGORA Portfolio. Why? As a group, we tend to have more economic staying power than most individuals. Thus, making it easier to ride out periods of instability. The AGORA Portfolio, on the other hand, takes a more conservative and structured approach of taking profits on the way up. This is prudent and rewards investors who have held money in a company for an extended period of time, which is not always easy. It also makes it easier to hold a position on the way down, when you know you have taken profits on the way up. What if the company continues to rise in price? No problem, this is why we don't dispose of all our positions. Thus, in the example of Sideware, we still hold a 1/2 position at .65 and full positions at 1.00, 1.10 and 1.49. Each one of these positions has benefitted from the move to 2.80 as of late. Remember, disposing of positions is not a negative indication on the company. It is just prudent. As much as we would like to see all of our holdings at $100 some day, logic and experience tells us we should be selling on gains long before that...and hold some just in case. Hope that helps and we would love to see you join the income sharing program. Regards, AGORAagoracorp.com