Nuncle, I continue to think you are confusing questions a bit. You write, "I've contended [timing] isn't very important to Gorilla gaming," and cite as proof the fact that all your QCOM investments have prospered. Well, yes, but some have clearly prospered more than others. The difference between a 191% return and a 16% return is HARDLY insignificant, and will INCREASE rather than DIMINISH over time for reasons that I pointed out in my longish screed the other day (basically, more shares for the same money).
The basic, lasting truth you point out is that "Q was strong enough to make my poor timing irrelevant." This is indeed why it remains a good investment for latecomers, and why Merlin's comment that he doesn't pay attention to what stock HAS DONE (only, presumably, what he thinks it WILL DO) is correct.
But just because Gorillas are strong enough to reward even those with poor timing does not mean that they won't reward those with good timing far more. So I persist in my belief that intelligent discussions of timing (as in, "Quick, mortgage your house, GMST's dropped from 88 to 66 as its longterm value has increased!") are worthwhile.
tekboy@jealousofthat191%.com
PS if someone could tell me how to bold or italicize words I could stop SHOUTING... |
