SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mike Buckley who wrote (25757)6/3/2000 1:38:00 PM
From: mmbw  Read Replies (3) of 54805
 
I have been reading all the posts on this thread for many months and was especially interested on the views of LTB&H. Since 90% of my portfolio was invested in G & K or wannabee's I watched my investments decline along with everyone else. Knowing that the fundamentals of the companies hadn't changed I accepted the price drops as a normal correction. About 5 weeks ago I became very uncomfortable with the market and wasn't sleeping well at night. So finally after a brief run up in the Nasdaq I sold all my positions. Since 85% of my money is in an IRA account the tax consequences were very small. Also the commissions were low since I trade on line and also use a discount broker.

I reentered the market near the bottom and have been sleeping well ever since. What does all this mean? To me it taught me that timing the market is difficult and I was lucky to get back in when I did. "Getting back in" involved a great deal of my time watching the Nasdaq closely for many days. The trade off was that I retained profits and was able than to buy back more shares in the companies I believe in. Of the eight companies sold all except one were bought back 10 to 30 points lower. The exception was NTAP which I ended up buying back 3 points higher. One company I didn't buy back (GMST) and instead bought PMCS and RMBS. I thought that the wannabee's would drop the most during all this but the stock that made the greatest point drop was SEBL which I happily bought back 31 points lower. Keep in mind this was only a three to four week experiment.

I am not sure I will go through all of that again. Instead I will sell some in each company when prices become too high but still maintain positions in each. During my non stock time, even though I slept OK I was uneasy not holding stocks I believed in. I am now fully invested.

Martha @timingisdifficultandtimecomsuming.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News