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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: DaYooper who wrote (42218)	4/28/2001 8:58:40 PM
From: Larry Grzemkowski	Read Replies (3) of 54805

DaYooper "1. We've all been humbled and are not feeling too talkative." That is the right answer but why? I believe because there was not enough discussion about valuation and what is the right price to buy. I know many of you bought early and at a much better price than most especially those that bought late in 1999. Mike did caution from time to time on valuation and I am sure there were some others. No one likes to talk about their mistakes and if you don’t think ridding NTAP from 140 to 15 is a mistake then there is little hope for those with that mentality. NTAP is about the only G & K I did buy right and it made up for losses in other stocks. I just bought some SEBL “Right” around 33. I can remember saying if SEBL ever gets back down to 70 I’ll buy it. Well it was overvalued at 70 and I am glad I did not have the cash at 70 because I bought it at a good valuation at 33. Even though some did mention valuation there was not any really hard serious discussion. About the only time there was any serious discussion was when some outsider came on the thread to tell us how stupid we were to be paying those prices and we got rid of them. TekBoy, don’t even go there because I know you will go back and dig up all the old posts that did discuss valuation. And even though there were some most folks did not heed the cautionary advice. I believe there needs to be more emphasis on valuation on this thread. And I am not complaining because I make my own decisions about what I buy. It’s my fault I did not buy at a fair valuation in most cases. But I won’t make the same mistake again. Enough from a Lurker! Oh by the way the good news is that most on my stocks are at fair value now :o). You all now the bad news. Larry G

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