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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who started this subject11/20/2000 7:10:13 PM
From: Joshua Corbin  Read Replies (4) of 54805
 
A view from the peanut gallery:

As it stands now, the G&K stands in the green, up 7.2%. Watch and Wait is at 11.8%. Obviously this is a source of comfort for list regulars.

Here's what concerns me. If either of these turns red in the near term, the thread bloat could get nasty. People will misinterpret a minus as a "sell indicator" or proof that Gorilla Gaming does not work. First, I am extremely worried that people will start dumping shares in good companies -- of any sort -- into the mouth of a bear bottom. Once this happens, the disillusioned will start looking for someone to blame. This resulting explosion of anger and finger-pointing that could mess up this thread.

"Hey, you said ___ would double by Tuesday."
"You promised that ___ was in tornado."
"If you guys are so smart, why did ___ get cut in half?"

Face it: many (most?) people who hang out on stock boards either disbelieve or misunderstand the wisdom of long-term investing. Often they tend to buy because prices are high and sell because they are low. Many look to boards they way they used to look to their brokers, endlessly seeking the hot tip while refusing to think for themselves.

Brace yourselves. Irrational exuberance could give way to irrational panic.
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