Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: pann1128 who wrote (8080)	10/11/1999 1:38:00 PM
From: Uncle Frank	Read Replies (4) of 54805

>> You are fully invested in all your Gorilla stocks all the time. Whenever there is a significant selloff, just add to your position using the margin capablity in your account. Once the stock or stocks recover, start selling off the newly added portion to reduce or eliminate margin. This will reduce your cost basis as you go. Just to make my position on timing completely clear, pm, It is not part of Gorilla gaming. I strongly disagree with any approach that entails the use of margin. Warren Buffet advises to never to invest with borrowed money. I have seen many fellow SIers severely wounded due to margin; some of them WIPED OUT PERMANENTLY. It would be a tragedy to ruin the once in a lifetime opportunity for wealth that a stock like Q offers through greed. Imo, the best approach is to go long term on the amount of common that you can afford to buy without using margin or options or timing schemes. jmho but a very strong one, uf

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