George Gilder - Forbes ASAP | Stock Discussion Forums

To: silicon warrior who wrote (4588)	6/27/2000 9:55:00 AM
From: JDN	of 5853

Dear Silicon Warrior: No, I commend you for your honesty. I agree a good writer strives to communicate as clear as possible with the least amount of words. Thats how I was taught in College anyhow. As to George's "picks" the problem is this market. People wait with baited breath and RUSH to buy his picks ASAP driving the price of the stock to unsupportable levels. I presume that they believe in the "greater fool theory" and expect to sell to the slower buyer. IMHO it is best to let his picks take their run, wait for the inevitable fallback and then, if you agree with his assessment enter the stock. Course best of all is to be in it before his pick comes out but then you wouldnt need the newsletter would you? JDN

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To: silicon warrior who wrote (4582)	6/27/2000 8:04:00 PM
From: Big Sky	of 5853

I look at the Telecosm list as a place to get ideas for Buy and Hold stocks. That's the beauty of truly ascendant technology vendors.....their growth should have very long legs and you should be able to make over sized returns, even if your entry point is a bit too high. I'm looking for companies that will give me 1000% returns over 10 years, not just shooting stars. Read his newsletter, do your DD, pick an entry point and hang on for the long haul. These are risky stocks in the short term, but if they are truly pure plays in ascendant technology, you will be rewarded in the long term.

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To: Big Sky who wrote (4598)	6/28/2000 9:10:00 AM
From: John Westman	of 5853

A subscriber wading in here with a few comments. Perhaps the Gilder letter has become too popular. When I subscribed last year I bought QCOM on his redux issue and JDSU the following month. Both were moonshots and I was thrilled. (also took my profits off the table because I didn't think they could be sustained - so far right on qcom and the jury is still out on jdsu) Since Gilder started releasing the letter on line during market hours it has been impossible to catch the train. PRCM is a good example: I sat here and refreshed the screen until the report came up. Went to the back page, found PRCM switched to my online brokerage account and volumn was already 10 times normal. There is no way to make money in such an environment. Terrabeam was another great example: Following that through on the message boards, how many people jumped on Mead only to get killed when they discovered these guys made telescope mirrors. If you took advantage of the lag time from online to mail delivery, you were able to recover briefly and get out whole when the snail mail readers were sucked in with their online counterparts. That said, the letter is interesting. But not the value it once was. j

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