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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Grantcw who wrote (10225)	11/13/1999 12:26:00 AM
From: Bruce Brown	Read Replies (1) of 54805

Grant, As a preacher's kid and a LTB&H fanatic, let me preach. A winner like Qualcomm you just let ride for a good length of time. The investors who made millions in gorillas Microsoft, Cisco as well as Godzilla AOL and Prince Dell bought them and let them ride. Qualcomm is in the Gorilla category. The entire point of the game is to improve your quality of life and get you away from checking the price all day long. Step back and relax. Think three to five years into the future. All technology stocks will be volatile enough to test you in the best of times and in the not so best of times. We have all made mistakes and will continue to make a few. However, once you have your money in the 'right' stocks - let them ride because the long term will reward you. If you've read the inside jacket of The Gorilla Game - especially the revised manual - you will see what an investor that held Microsoft from 1986, or Cisco from 1990 has done without ever selling or buying another share. Powerful enough medicine to end your day trading game cold turkey. Has anyone been able to time the gorillas so efficiently over the course of their run as to sell at the peaks and load up in the valleys that, after the taxes were paid, they were able to have even higher returns than had they just held? If I saw it on paper - I mean proof with all the buys and sells to substantiate it - I would be really surprised. Even if I did see it, I would hasten to guess that the quality of life of trying to pull that off would not be one that makes for quality sleeping, eating, career and family time. My suggestion would be to let your Qualcomm be. Leave it alone and don't be tempted by the volatility to draw you back to your day trading (where only 10 percent of traders make money). Instead, save your money and add to other positions or take new positions in the future as you have new money to invest. Read Mike Buckley's excellent post Message 11910008 about taking your time, doing your research and having the discipline to not be hasty with decisions. Don't watch the Q so much. Know what it is you invested in and check the pitcher of milk once a week to make sure it's still sweet. End of sermon. BB

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