Gorilla and King Portfolio Candidates Message Board

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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Uncle Frank who wrote (35720)	11/30/2000 8:29:51 PM
From: npiwovar	Read Replies (3) of 54805

Uncle Frank, I appreciate your philosophy of being fully invested and I have thought that way also...but when we see such a downturn in stock prices like we're seeing now it again brings up the question of keeping cash in reserve for "bargains".The Gorilla Game doesn't speak much to this ( or maybe I should read it again).Is any price okay to buy a CSCO? It certainly doesn't seem to me that its fundamentals have changed.Certainly SEBL's fundamentals haven't deteriorated.It's obvious the whole market has tanked. Even I'm smart enough to see that.There is a decent percentage of people reading this board who only got into tech buying this year.If you've been Gorilla Gaming for a couple of years, you've done well and can possibly still be way ahead of the game even with the events of the last eight months.If you only read TRFM a year ago like I did you have to think ...I'm down an awful lot of money, the Gorilla Game seems to make sense but look how much I'm down.If only I had kept my money in money market funds.... Anyway, LTBH means LTBH. If you've been doing it for a long time it has to be easier than if you're a newbie.At least that's what I'm hoping.I'm holding but I'm not buying what I want now either.I've heard a million times that you can't time the market.I'm not arguing that point.I'm certainly not savvy enough to do it.However, I've been thinking of keeping a certain percentage of assets in cash in the future for possible market conditions like these.It may be worth the risk of missing an unexpected price rise to be able to get bona fide gorillas at prices like todays.By keeping some of your money in cash you could miss doubles on some stocks.But you could also buy stocks at half price on a lot more of them in a bear market.After all, one thing we have to expect with tech stocks is volatility.Just a few thoughts from a long time lurker. Neil

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