<< tekboy/bubbleboy/Ares tried a timing experiment which I dubbed Operation Catfish, and gave up on it within a few weeks. The egg wasn't worth the candle.>>
just tekboy/Ares today, I'm afraid... :0(
And yes, my timing experiments added up to a wash. I no longer use limit orders (except for options, where the markets are so inefficient and volatile), but I do try to follow the day-to-day and hour-to-hour trading on my gorillas when I'm contemplating a new purchase, to take advantage of good entry points....
<<From my perception, the general approach has been to take an initial position at any time on a Gorilla, and then to add on dips. If you look at the long term graph of a mature Gorilla, such as Cisco, there has never been a bad time to buy, but there have been some great times to add.>>
Very well put, Franq. As a matter of fact, I just added to my G&K positions today with some new cash that became available from selling an underperforming REIT. Since it was for a joint account with tekgirl, who demanded that the purchases be "conservative," I split the cash into five equal parts and bought Q, GMST, JDSU on the dip, along with the Vanguard Total Stock Market Index Fund and Berkshire Hathaway. (The latter was a tribute to my Buffett research, which I will post when I get over a bout with the flu.
tekboy/Ares@sick.com
PS HEY MERLIN! Congrats! ditto on what Frank said...
PPS Re G*, one way to play such "on the come" shots is with LEAPS. I bought one 45 Jan O2 G* LEAPS call just before Christmas (following Cha2's "highest up, farthest out" strategy), and it's already doubled. I figured that an OTM LEAPS call would be a sensible way to partake of any growth potential that might be there, but without risking much cash. If anyone wants to discuss this further, however, we should take it over to the G&K options thread... |
