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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (4994)8/20/1999 11:07:00 PM
From: Douglas W. DeVries   of 54805
 
Uncle Frank:

Thank you for your words of wisdom with respect to market timing. About two weeks ago I sold half the Q that I had in my Roth IRA and bought some Global Crossing because it looked attractive and because it remains one of George Gilder's favorite bandwith picks.

I was very restless right after I did this. I started checking the price of Q more frequently and I finally couldn't stand it any longer. I sold all the Global Crossing in my Roth and bought back the Q at 154. I've decided that my strategy going forward will be to continue buying the Q on dips of 5% or more. There will not be any sales in the future based upon my agreement with the thread that the Q has indeed attained GORILLA status.

BTW, I greatly appreciated the dialogue between you and DownSouth on the NTAP thread. I agree that NTAP and EMC are two companies worth keeping an eye on. I decided to establish a small position in NTAP after their earnings report this week. Keep up the great work and have a great week-end.

Doug
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