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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (2813)	6/20/1999 2:46:00 PM
From: Mike McFarland	Read Replies (2) \| Respond to of 54805

No argument here--my education does not exceed my intelligence, and both are at the minimum level required in order to carry on a useful conversation with the average fellow here on SI. And you seem like an average guy, I'll try to be pleasant. In fact, here is the url to some food for thought. If you're not impressed with Galbraith, you might find something here to your liking. web.mit.edu I do not pretend to know too much, I'm not sure of my investments, and I ask a lot of questions here on Silicon Investor. That line was supposed to be disarming, and an invitation for folks to step up and give me their thoughts, maybe I overshot. Now, if you have anything to say about biotech, I will be grateful for the thoughts you post. Your most recent contribution doesn't do a lot for me, but I appreciate the fact that Galbraith appeals to the less sophisticated investor like myself--and I do like the quote. Wish I had that line handy from his Crash book --the comment taken from those congressional hearings after the 1929 crash--you know, the one where the congressman asks about Goldman Sachs--how the stock price went from over $200 to under $2. But I'm getting off topic. I don't know whether this is a speculative bubble or not, if I knew that it was I wouldn't be investing in biotech, I'd be shorting everything you own. Ride the biggest "gorillas and Kings" and move when I see a better one You're peoplemarked. I look forward to seeing what you replace QCOM with--what is it trading at now? 50 times next years earnings? Seems rich, but I cant really criticize --none of my companies have earnings yet...just speculative appeal based on the sector being cheap and my ability to find a few gems in the wreckage, entirely different from momentum investing. And yes, I have been so wrong, clearly momentum in large cap has been the way to go.