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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Wyätt Gwyön who wrote (47432)10/3/2001 12:05:37 PM
From: ggamer  Read Replies (2) of 54805
 
I appreciate everyone's response.

It seems to me that GM missed one big suggestion in his book and that is to inform his readers of times when the market will be going up irrationally (ie. QCOM up 156 points in one day) and how important it is for an investor to cash his/her gains.

The problem is that he wrote his book prior to 65% of Americans owning stocks, tech stocks behaving irrationally, most people were not online, and online investing/trading did not exist. All of these changes had a major impact on the markets in the 90's. It is interesting that most investors knew that the markets were irrational and it was going to fall one day. But what we did not know was how severe it was going to drop. Every smart analyst/investor told us about 15 to 20% maximum drop and what a great buying opportunity they bring to individual investors. Whenever I have kids, I will inform them of an opportunity of this type that might come their way once in their life time. I will Tell them that they have to react fast in buying and selling the stocks of the day no matter what they are including the gorillas.

Am I wrong? In the eyes of a fundamental/fanatic GGamer I think I am :).

GGamer
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