Remember my purchase of Lernhout & Hauspie (LHSPF) because I thought
they were a great MSFT buyout candidate? The stock went from 27 to 50 a
month later when MSFT bought 10%. It's now at 81 1/8, which equates to
a 600% return on an annualized basis. (This can't compare, of course,
to the 500,000% annualized return Money 98 calculated on the day of the
announcement. ;-)
Anyway, I think the market is now ready to be spooked by any seriously
bad piece of news, like mass civil unrest in Indonesia or further
recalcitrance from Saddam. Market timing strategies are almost
guaranteed to fail, but I just can't justify putting my monthly savings
into stocks or mutual funds right now.
Instead, I'm building up my money market account for a few quarters,
partly so that I have enough liquidity that I could hopefully ride out a
sustained (2 to 3 year) bull market without needing to sell.
- dan
> -----Original Message-----
> From: WSJ Interactive Edition Editors
> [SMTP:newsalrt@LISTSERV.DOWJONES.COM]
> Sent: Friday, March 20, 1998 1:16 PM
> To: MARKET_ALERT@LISTSERV.DOWJONES.COM
> Subject: Blue Chips Jump
>
>
> Blue chips barreled further into record territory Friday, but
> technology
> stocks weakened. The Dow Jones Industrial Average rose more than 100
> points
> to 8906.
>
> For more information, see The Wall Street Journal Interactive Edition
> at:
>
> http://interactive.wsj.com/edition/current/summaries/money.htm
>
> To check your portfolio, see:
>
> http://wsj.com/portfolio-bin/PortfolioDisplay.cgi
>
> =========================ADVERTISEMENT================================
>
> Join Barron's Online editor Howard Gold, along with Louis Rukeyser,
> Morningstar's Don Phillips, and more than 50 other investing experts,
> as
> they focus on the world of online investing at THE MONEY SHOW, Las
> Vegas,
> May 12-15, 1998. For information visit
> http://www.moneyshow.com/moneyshow/lvhome.htm.
>
> ======================================================================
> ==
>
> When you registered with The Wall Street Journal Interactive Edition
> you
> indicated you wished to receive this Markets News Alert email. If you
> do
> not wish to continue receiving alerts, you can send email to:
> stopnews@lists.wsj.com
>
> If you have other questions, please call our customer service group at
> 1-800-369-2834.
>
> ======================================================================