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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: npiwovar who wrote (22392)4/6/2000 11:39:00 PM
From: Uncle Frank  Read Replies (1) of 54805
 
>> What is your opinion of holding cash in reserve (as Freeus has suggested), and if you do, what percentage would you hold out for buying opportunities like the other day.

Holding cash presupposes you can time the top (to generate the cash) and the bottom (to buy in again). Most traders operate on this principal. I have proven several times that I have no skill at trading, as have several other elders on the thread, so I don't attempt it. My concern is that, with the constant stream of good news from our Gorillas, I would be on the sidelines during a critical period, and miss something unique, like the 12/29/99 156 point gain in qcom. As a result, I remain fully invested at all times.

jmho
uf
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