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Strategies & Market Trends : Gorilla and King Portfolio candidates - Moderated

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To: Mike Buckley who wrote (42)10/25/2003 9:08:11 AM
From: straight life  Read Replies (1) of 2955
 
Mike- Just a note about my recent success and my disastrous last few years, in the context of the Gorilla Game (just to nudge discussion in the direction of the thread's inspiration)

While thinking long and hard about my failures of the last several years (a numerous and exceedingly painful list), I was drawn to how often I, and others, would cite Rule 10 (and Rule 4), which in hindsight seemed to be a license to do nothing but sit on my ass as prices plummeted.

What a mistake!

Now I sell if prices go a certain percentage below my costs; I also use technical analysis to aid the overall research process.

The result? I often sell too soon... but boy, I've also missed a couple of real portfolio killers.

I have a big sign above my desk, in red: RESPECT THE MARKETS!

I think that, while many of its signals are spurious, you ignore it at your peril.

I also look to make money anywhere; my best winners this year were a natual gas stock and, currently, a gold stock. My "gorillas" are only two: QCOM and NTAP. Well, luck to all.
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