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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Lynn Goodman who wrote (15467)1/17/2000 11:26:00 PM
From: Mike Buckley  Read Replies (1) of 54805
 
Lynn,

I forgot to respond to a really important issue you raised.

Yet if I had waited to invest, look at the increases that I would have missed!

Yes, but in the case of each of those companies I could just as easily show you time frames that you could have invested and lost 40% or more of your investment in a really short period of time. Frankly, you got lucky regarding the timing of your investments in those companies. That it coincided with a record-setting 85% annual increase in the Nasdaq is just one huge bit of good fortune. Using your logic, you might have invested just prior to the fall of 1998.

So be glad that you joined all of us in being lucky enough to have invested in stocks that overwhelmingly outperformed their underlying companies. That rarely happens. Take your time understanding the concepts and don't feel any pressure.

--Mike Buckley
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