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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Bruce Brown who wrote (16840)1/31/2000 11:18:00 AM
From: William  Read Replies (3) of 54805
 
Bruce -
where I talked about Qualcomm selling for $200 a share the first trading day of this month and the same company's
share selling for $103 last week. That's a nice little timing issue that the patient investor who had some 'new' money to invest might have done well from such a move simply by waiting.


Your choice of dates proves your statement. A different choice of dates would disprove it. Shift to November 1st from January 3rd. Q traded at a low of 55 and closed 56 5/16 that day. 5 days later it was 74 3/4. Then 200 on your first trade day of January. Very costly for the patient investor. Hindsight is 20-20, let's not use it to mislead. The fact is that none of us can time this market, that being said here over and over. And none of us know for sure where it is going to be tomorrow, in 5 days, or 5 weeks.

William
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