Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Grantcw who wrote (10225)	11/14/1999 2:23:00 PM
From: piscatologist	of 54805

timing the Q vs. buy and hold. i have got to vote with the rest (of the posts i've read so far anyway). buy and hold is less stressful, and of more importance, more profitable. i was there! my broker allowed me to buy 200 shares of msft at ipo. after doubling my money in a relatively short period of time, i sold. i rationalized it by such excuses as "i needed the money for my business", "there are other doubles out there just waiting to happen". anyway i left somewhere between 1.5 and 2 million on the table (it is too depressing to even look up again)! that mistake did help me hold on to emc since 92 (split adjusted price of 57 cents). however, the initial purchase was only 100 shares and doesn't even come close to making up for my msft blunder. to the point, my advice is "hang on to your gorillas with both hands and add shares if you can afford to".

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