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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: StockHawk who wrote (27027)6/28/2000 7:42:00 PM
From: Jacob Snyder  Read Replies (1) of 54805
 
Thanks to the thread:

My limit order to buy QCOM at 61 (10% of my portfolio) cleared today. Also have limit orders to buy more QCOM at 56 and 51, NTAP at 50, SAP at 40. If QCOM goes into the 40s, I'll start buying LEAPs (2003 60s). I was introduced to these stocks on this thread, and appreciate the reasoned civilized discussion. Also bought a bunch of MSFT (2003 LEAPs 80s) on 5/31, so my portfolio is gradually getting filled out with gorillas. For balance (or ballast), I'm buying a mobile-home builder (CMH, trailing PE is 7).

I can justify owning these stocks at these prices, even assuming the rosy scenarios don't entirely pan out, or don't pan out as rapidly as hoped for. It's very difficult to eliminate wishful thinking from the decision-making process, when buying growth stocks.

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