Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: alankeister who wrote (22873)	4/16/2000 11:06:00 PM
From: Mike Buckley	Read Replies (2) of 54805

Alan, He said he trades the "Stalwarts" such as GE, Coke, and P&G more frequently than any other type of stock. His reasoning is you won't get a ten bagger so when the P/E goes above the normal range and the stock price gets above the earnings line you should think about selling and look for a good buy in the same group. This strategy hadn't occurred to me but it makes perfect sense. It makes perfect sense to me also if you like paying taxes which minimize your portfolio's enjoyment of the long-term compounding that leads eventually to massive wealth. Sorry for the sarcasm but planning a strategy gauranteed to increase taxes and decrease life-time earnings power makes no sense to me at all. --Mike Buckley

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