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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Bruce Brown who wrote (22785)4/15/2000 7:00:00 AM
From: shamsaee  Read Replies (1) of 54805
 
Thank you for the post and reassurance.I was one of many that did some major shopping when nasdaq went from 5000 to 4500.Thinking after all we had a 10% correction and I was smart to have saved cash and what a bargain I got.Needless to say I have been grilled to the bone in this last week.The most worrying part of the purchases was that,I let myself get caught up in euphoria of a bulging portfolio which was my first mistake.The second mistake is,I bought more shares of companies who had big runups RBAK,ITWO,JNPR which have corrected by a much larger % than the Index.The third and most lethal of all the mistakes was the shinny pebbles investments,which I feel it will be a very long time before they get back to prices a month ago(hope I am wrong).I completely ignored valuations and forgot what the fool preaches and what,I used to do before investing in anything.

IMHO the price to vision philosophy is pure horse manure and any investment in any company needs to be justified by valuations.As we have learnt no company is immune to corrections and they will come back sooner or later to reasonable valuations.

This experience has been a great education.I decided last year to manage my own money for the long run and will continue to do so.Patients in when to buy,when to hold and when to sell are keys to good investing.A cash position on the side lines is a must.Greed will get you sooner or later.

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