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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Mike Buckley who wrote (6531)	9/19/1999 12:21:00 PM
From: StockHawk	Read Replies (1) of 54805

> I have mastered the discipline of completely ignoring what today's price is relative to yesterday's price. The price of a stock relative to a former price is simply not a factor.< Mike, If the statement above means that you will not hesitate to buy a stock that has already run up in price, then I think it is excellent advice. Too often people hesitate to buy such a stock, thinking it is now too expensive or that they missed the boat, when in fact further appreciation is quite likely. However, the market has shown time and again that stocks tend to continue in their trends. Stocks that have moved up tend to continue to climb (with corrections, of course) while stocks that have shown a pattern of falling prices tend to continue to fall. So it may be more correct to say that past lower prices are not an obstacle to buying - but they are a factor. Past price appreciation is something to look for in quality stocks. StockHawk

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