Friday, December 09, 2005

History Repeating? Finding the next 10 bagger.

I've been following Jon Markman's working since 1999 and he's published some pretty good ideas (for those of you who remember think XLA). Recently, Jon highlighted the best performing stocks of the decade.

Interestingly enough, Jon solicited ideas from his readers (c. Nasdaq 5000) for the 10 baggers of the 21st century. How did the Markman and his readers do?


Purchase Price

12/9/05

Plug Power Inc. (PLUG)

25.75

~5.73

Kopin Corporation (KOPN)

30.00

~6.64

Superconductor Technologies Inc. (SCON)

13.13

~0.47

Xcelera.com (XLA)

18.27

~0.28

Maxygen, Inc. (MAXY)

143.27

~7.48

Naturally, it's unfair to fault these choices, unless you rode them down 50%. Moral of the story: 1) Know when to fold them; 2) the next 10 bagger isn't necessarily among the names in vogue at the moment.
An analysis of HANS, KCS, IRIS, AMED and KWK will be forthcoming....

 

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