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Pastimes : G&K Investing for Curmudgeons
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To: Lynn Goodman who wrote (2336)5/26/2000 12:50:00 PM
From: Uncle Frank  Read Replies (2) of 22706
 
That was a very uncurmudgeonly post, Lynn, but we'll let it slide.

Your points are well made. The companies we've focused on are in fine shape despite the fact that their stock prices have been trashed over the past 7 weeks. For newcomers to the GG, this represents an excellent opportunity to establish beginning positions. Most of us who have been playing the game for a longer period are fully invested, so this dip only presents an opportunity to regret that we weren't brilliant enough to time the event. However, we're mostly seasoned (as in old) investors, and experience has taught us that trading within the framework of a ltb&h orientation is counterproductive for any number of reasons.

The G&K ranks have been swelled over the past year with newcomers who have gained an intellectual appreciation for Gorilla gaming but have only had experience with the upsides of long term investing. It's understandable that some of these folks will now second guess the strategy and look to other methods, like TA, to stop the short term slide in their personal fortunes. When you have an adrenaline rush, it drives you to fight or flight; doing nothing is counterintuitive. It will be educational to compare their results using trading techniques to those returned from a strict Gorilla Game approach over the next 12 months.

>> I am completely comfortable with my assessment of the intelligence and the abilities of what I consider to be the core posters

If you had seen Merlin getting lost in the bathroom at the Desert Inn twice in a two hour period, you might feel less comfortable about your assessment of his intelligence.

cuf
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