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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Jacob Snyder who wrote (25042)	5/20/2000 11:19:00 AM
From: que seria	Read Replies (1) of 54805

Bottom on Q? I first bought it yesterday; let it be 90! But you can see, from the 2 year weekly chart below, that it could be much lower. I'm only buying about 40-50% of my intended or possible ultimate position in tech stocks now, wary of the 40-50% price downside I picture even for the best companies if we are in a classic, grinding bear market. Keeping cash (or sweet spot cyclicals--E&P companies--as a so far very profitable cash substitute)until we are much closer to historical valuations is IMO crucial to being able to take advantage of opportunities next Fall, next Spring--whenever we have the feeling of a bottom if this is Big Bear. This doesn't look or feel like a bottom to me. To make that call I combine a sense of market history with a sense that investor ebullience has so far faded only to dismay, not despair and wholesale selling. Easy to see the downside in stocks I want to buy, or buy more of, just in a return to levels of late Fall: Buy more Q at . . . I don't even want to think about it: bigcharts.com Missed my last try for NTAP at 41; expect another chance: bigcharts.com Sandisk looks worth an entry level buy at 50. More JDSU at 60; CREE below 90? "Bargain" is relative; bears grind on. My approach is to ease with widely spaced, chart-focused buys, so all my money is in tech only at what I project as a bottom--NAZ 2500 or possibly lower. When people's portfolios have been cut enough, they'll just want out, and the great companies will go down hard along with the bad. Difference is, as many observe--the gorillas will rebound. Thanks all; great folder.

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