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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (14414)1/7/2000 12:51:00 PM
From: straight life   of 54805
 
OT- Just my 2cents in re: margin

I view it as a low interest rate loan used to back up my research. For example; after a lot of study, I became convinced that NOVL's directory and caching products had a very good chance to do well in an expanding marketplace. I similarly felt that VISX's recent setback was transitory in nature (thanks StockHawk for the heads up!).

What to do? Unless an extraordinary series of negative events is taking place (Oct'98 for example) I stay 100% invested all the time- I can't time worth a damn. Yet in my taxable account I don't want to take profits, ie. sell Q
or other winners that I also think will continue to do well.
Yet I've done all this research and want to have the opportunity to profit thereby.

So I borrow long term to buy for the long term- NOVL leaps and VISX common. What am I paying? 9 - 11%? I don't even know. I hope to make 100% - 1,000%. And if I'm wrong? I'll lose and move on. I don't suggest it for others but it's worked for me.
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