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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Magic212 who wrote (23131)	4/20/2000 2:00:00 PM
From: elepet	Read Replies (11) of 54805

Yes..I too have been wondering...about GMST. I've seen something like this happen to CPQ where I bought at a high point (44) and watched it go down to 22 and it's taken more than a year to get to 28. I've been reading Moore's books and following this thread and am unclear. Does one hold through hell and highwater even if it takes 3 years to come back? What's the point? The old timers who bought cheap at the beginning of a great bull market no doubt have made enough money to feel relatively comfy about it. But wondering does this philosophy do away with concepts such as "cut your losses"? At this moment I'm down more on GMST than the whole rest of my portfolio, and I have a feeling that those who bought recently are in the same position. Does anyone have any idea of a time frame for this particular stock to make ny real head way up? Hopefully we've seen the bottom. I read somewhere that there is a large short position on GMST. Even before the Naz meltdown, it seemed to have entered a downtrend. Could there actually be something the matter with the company? The TV guide situation doesn't seem to justify this huge a drop. Someone pointed out that the whole sector was down, some even more than this one. Even so, stock would have to double before it got even close to where it was. And please don't tell me this is a shiny pebble or a king etc. and not a gorilla. It's on the list heading this thread. Someone mentioned that in 2 or 3 years this drop would hardly be remembered. But in the meantime,large amounts of capital are tied up that might be more profitably put to work. Besides that uneasy feeling one gets while watching it. I have some shares of a company that probably wouldn't be considered a dull pebble, which has gone from $1.00 to $5 in about a year and has potential for much more. Momo activity drove it up to 16 once, but that was obvious, and the drop was expected. This may seem to ramble, but I guess I'm calling into question the application of Gorilla Gaming in this particular market. Is it a dogma? Is it a man for all seasons? Opinions anyone?

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