Is TROW's recent decline of over 10%, when the
market is racing to new highs, due solely to earnings
warning from Franklin Resources (BEN)? Is there reason to
believe that TROW's results will likewise be
disappointing? If not this might be a good buying opportunity.
anyone know why we shot up almost $4.00 today? I
haven't seen any news?
As for fiber companies,
look at IIXC and QWST. IIXC is WAY undervalued. QWST
is doing a great job of marketing themselves. LVLT
has slowed down a bit and most are in a wait and see
approach. They've got a great idea, but the market may not
be ready yet. I also still like WCOM, with all the
fiber MFS/UUNET has, they are going to be tough to
touch. One analyst just set a target price for them of
$100 by the end of the year.
Heres what I have...
100% of my 401k is placed
in T Rowe Price's Stable Value Fund.
around 6% and I don't have to worry about my retirement
if we do have a correction.
I own no mutual
funds; but I do have 24 long positions.
IBM, Apple, INTEL, Microsoft
AOL, Yahoo, E-Trade,
Ameritrade, AT Home Corp, Geocities
Kodak, Boeing, Cox Communications, AT&T
USA, Coca Cola, Tricon Global Restaurants (Pizza Hut,
KFC, Taco Bell), Foodmaker (Jack-in-the-Box)
Fargo, Fleet Financial, T Rowe Price, Washington
You may notice that I have completely avoided certain
Over the years, I have missed out on
huge gains by trying to time the market. Therefore, I
plan on holding each of the above for at least 25 more
Good Luck to you. Don
Yes, people are not used to discussing two
subjects: their sex lives and money (don't get worried. I'm
straight). But on the net, what the fuck's the difference?
As we both figured out, there's no reason to hide
the truth when you're covered by an anonymous handle
anyway. I figure we're 2 guys who love the same book and
are trying to make money in the market so why not
CMGI is a net venture capitalist
company & I can't defend my buying it, which I did during
a market net frenzy. It's like waking up with a
strange tattoo -- my only loser, but i'm in very small --
70 shares at price of 121.75 out of a total
portfolio of $280K +. I live in Southern Calif., so I've
also got plenty invested in our home due to high price
of real estate. In other words, we ain't rich. DAL
is Delta Air, which I bought cause everyone hated
airlines & if you look at the numbers it's making a damn
fortune despite the Asia crisis.
LVLT & CSCO were
originally utter gambles, plays on the future. I figure
either one is capable of going up 40 times in 5 years or
dropping out of sight. But I figure if you build a fiber
network, somebody just might come. I learned about them
from a guy on the LUV message board. He likes LVLT.
Its officers don't make any money on their
company-issued shares until they rise from 35, so they are
gambling with you.
I didn't get in on the ground
floor of any of the others, but i'm making money on
all. E.g., CSCO purchased 790 shares at average price
$74.02 -- EGRP is 520 shares at $34.95. Actually, I just
started buying techs over the last year & when they
started going up I mostly stayed with it. Worst mistake
-- read a book about Warren Buffett and influenced
strongly by his theories I sold AMZN at a tenth of its
present price. After that I started looking more closely
at techs & stocks without earnings. You know, I'm
sure, that you can just click on 'Profile' from Yahoo
and start learning about a stock. Buffett is crazy
about two numbers -- return on equity and profit margin
-- numbers many investors don't look at. TROW is
excellent there. Got maybe $22K in mutuals, and the rest is
mine to lose in stocks.
A while ago I tried to
find the bottom in oil and bought GLM & fortunately
left with only a small loss. I'm even more skittish
now of buying a nearly dead dog in hopes it will get
up and jump through hoops.
Never been asked that before. Man, you sure have
a direct approach.
Interesting group you got
there. You must have had a hell of a year. How'd you get
so smart? Not being a smartass, but it seems like
your list is calling for AOL/Netscape, LU and maybe
ANDW & 3Com. Have you had 'em & pulled the profits, or
I don't know DAL & CMGI, what are they and why are
By far, the
majority of my money (> 75%) is in funds. Got 401(k) w/
Scudder. P.O.S. if you ask me, but I have no choice. Tough
having partners. Hold my bonds there. Even Scudder can't
screw up a GNMA fund. Also buying G&I and Large Co
Value - only real choice I have - but leaves me heavy
on blue chips/cyclicals and soon I'll have to
readjust. Wish I could get SP500, Total Market, or better
yet, go to TRowe or Vanguard. Oh well,
The good news! Have IRA/Roth/Personal at TRowe.
SP500, Total Market, Science&Tech, European stock, Small
Cap Value & Equity Income (getting doubled up by my
Scudder junk, may have to move. Too bad, EqInc has a
great manager, and is one of the great conservative
funds). Sold New Asia at the right time, (luck) plan to
go back someday. Used to own Cap Opportunity, but
dropped it last time I balanced. Great funds, every one.
I've managed to be patient in tough times, and have
had lots of fun surprises. Been at TRowe for 13 years
now & plan to stick around 'til the bear arrives.
(Might move my index stuff to Vanguard for that measly
0.2% I'd gain. What can I say? I'm cheap.)
individual stocks, I try to stick to the "4-5% maximum in
any one issue" rule. Call me chicken, but I sleep
Interestingly, I have some real similar holds to you, but I'm
not on the forefront the way you play it. I like my
co.'s to be earning now. For example, LVLT is a great
story, but without that stock price I think they'd be
sucking wind. Although, gotta admit, this market sure has
been making me look foolish for thinking this
Anyway, financials: TROW, PA & SWS (passed on egrp at
great buys twice last year, still pissed) Trade PWJ for
fun, it used to have a nice volatility, but it's
laying around now.
Getting LU, 3Com, CSCO etc. in funds, so I'm not buying.
Buying GLW, WMB (like WMB better than lvlt & qwst cuz
they have income to pay the bills. Also think I'm
getting a free oil/gas buy for the fiber P/E. Being
punished for it in this screwy market. Oh well, maybe
it'll change with the spinoff.) Thinking about CTV, CDT
Tech Cap Eq/Testing: UTEK, SMTC &
NVLS, looking at MXIM, PLXS. Did well in NVLS, SMTC.
Waiting,waiting&waiting for UTEK. Used it for tax losses & re-established
near the last bottom. We'll see.
Oil Patch: Got
the majors in my funds, so I don't double them up.
Buying TDW & RIG. Like HAL, DO & SLB - thinking hard
about PKD/SESI (soon to merge) as a
Oil patch has been hammered and rough times are still
ahead, but man there are some value buys out there. Hard
not to catch the falling knife though. Been selling
out-of-the-money puts to pick up income and/or buy on dips. The
income softens the blows.
The way I see it, all
these stocks are set by the oil price. The oil price is
at an unstable low & something will change it sooner
or later. Don't know when, don't know why, but when
the price moves, some of these boys will post some
doubles, triples, or maybe a 5-banger or 2. Or, maybe I'm
FOS - wouldn't be the first time.
All in all,
I'd trade my last year for yours. Try not to laugh
too hard. I'm trying, I'm learning & I'm still having
fun. What more do I need?
TROW fell to 30.88! Geez.. What a bargain..and it
went back up.. It means the support is at least at 30,
and is a price to accumulate at. As earnings remain
stable, if TROW changed slightly their revenue strategy
(lowering fees for various transactions), that would be a
plus. They would be competiitive and would generate
Did someone here post that TROW
charges WAY too much for stock trading? I thought they
were only in to mutual funds
Would like to wish
you all a good 1999. Would like to thank the people
who followed my link and joined my site at
1. ben numbers are bad (so what?)
are reporting less money going into stock funds (but
money still pouring in to money market and bond funds,
which also means profits for trow)
i am holding
steady. trow should post nice numbers for 4th quarter.
The reason for trow to trade down over the nest 2
months is that investors are now much more willing to
invest in individual stocks see egrp or sch once this
whole market histeria subsides, mutual fund companys
will get their fair share again.. This is a long term
hold that will remain flat for the next 12 months