These Tech Stocks Will Make Me Rich
By
Tim Beyers
November 7, 2008
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Welcome to week 13 of my stock-picking throwdown with Mr. Market. Let's get right to the numbers:
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Company
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Starting Price
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Recent Price
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Total Return
|
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Akamai (Nasdaq: AKAM)
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$22.23
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$13.79
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(37.9%)
|
|
Harris & Harris
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$6.22
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$4.58
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(26.4%)
|
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IBM (NYSE: IBM)
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$129.05
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$85.15
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(34.0%)
|
|
Oracle (Nasdaq: ORCL)
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$22.75
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$16.85
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(25.9%)
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Taiwan Semiconductor
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$10.34
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$7.37
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(28.7%)
|
|
Average return
|
--
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--
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(30.58%)
|
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S&P 500 SPDR (AMEX: SPY)
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$126.73
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$90.86
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(28.30%)
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Difference
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--
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--
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(2.28%)
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Source: Yahoo! Finance as of Nov. 6, 2008.
At least my tech portfolio took a week to backslide 6%. The S&P 500 fell 10% over two days, Wednesday and Thursday. Some non-tech decliners during that time included The Blackstone Group, down around 16%.
Of course, high tech has its losers, too. CEO Jerry Yang, fresh off an embarrassing breakup with Google (Nasdaq: GOOG), now says he wants Yahoo! (Nasdaq: YHOO) to tie the knot with Mr. Softy.
So be it. Top investors look to invest in businesses with sustainable, long-term advantages, and in doing so, produce superior returns -- like when David Gardner produced a decade of 20% returns, annualized, by buying and holding the likes of Amazon.com (Nasdaq: AMZN) and eBay in the real-money Rule Breaker portfolio, or when Tom Gardner selected a "simpleton portfolio" to hold for a decade, with market-crushing results. I think these five tech stocks will produce plenty of durable gains.
Checkup time!
Now, let's move on to the rest of today's update:
There's your checkup. See you back here next week for more tech stock talk.
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