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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: tekboy who wrote (8963)	10/27/1999 10:53:00 AM
From: Seeker of Truth	Read Replies (2) of 54805

Further response to your question about cash level. Ideally it should be a function of the attractiveness of what's around to buy, not ones forecast for the market. But the determination of good value is REALLY difficult. I once upon a time was lucky enough to see a major technology company selling for 7 times earnings. You can believe me, I made a big bundle from that. But if I wait for such a bargain to return I'll be on the sidelines with 100% cash for the rest of my life. I like the following maxim, which I adhere to but maybe some others have better ideas. There should be at least one or two stocks that you're refraining from buying purely because of the high price, even though you admire the company. If there are no such stocks then you're paying too much and should increase your cash level. ????

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