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

To: Seeker of Truth who wrote (9155)	10/29/1999 11:21:00 AM
From: StockHawk	Read Replies (1) \| Respond to of 54805

>>Suppose you always buy at the market. Compare the performance with always placing an order slightly below the market, to get it cheaper. In the first case you will be buying every long term gorilla that you spotted. In the second case you will miss some of them. In both cases you will buy all the duds.<< Malcome, here's something else to think about. Would you like to try to avoid "the duds"? You can do that - with some brokers - by placing specific buy limit orders above the current price. Take a look at GMST today. It is very near what someone on this thread called a "double top" and it is very close to a new 52 week high (87 7/8). Some believe the double top will cause it to fall, while others see new highs on the horizion. You could place an order to buy only if the stock reaches 88 1/4. You might pay a little more, but you would be buying a stock with positive momentum breaking out above its base to a new 52 week high. If, however, it fails to make the new high and instead falls, you have avoided the dud. StockHawk

To: Seeker of Truth who wrote (9155)	10/29/1999 3:11:00 PM
From: freeus	Respond to of 54805

rebuy gorillas at market Another thing I thought of when I read your post: think of all the ones I got in long after they had made their hypergrowth spurts: cisco and msft come to mind, for example. I didnt even KNOW what limit orders were then (well of course I knew but they were out of my realm) and I just bought, then watched both go down way below where I bought them. Does it matter now? No. Would it matter if I hadnt bought them? You bet it would!

To: Seeker of Truth who wrote (9155)	10/29/1999 11:42:00 PM
From: Bryan Hickey	Respond to of 54805

Great post. If you missed getting into a gorilla with 300%+ price increase, would you feel good about not paying $1 per share less than market?

To: Seeker of Truth who wrote (9155)	10/30/1999 11:58:00 AM
From: DaYooper	Read Replies (2) \| Respond to of 54805

Malcolm and gang, the "buy at limit vs. market" debate has inspired me to relate an experience that I've learned a lesson from and hopefully others can too. The story might also be inspirational to beginning gorilla-gamers, although not quite to LB's excitement level. In early 1994, after doing much research, I decided that MSFT would be a good investment for my cash account. It looked like a company I could hold long term, enjoy the gains of the company's growth and not need to pay any taxes. Determined to get the best price, in a market that did not experience today's volatility, I put in my limit order for 100 shares of MSFT. Over two weeks I twice watched the price come within $1.50 of my limit price. Geeeez, I thought, so close. Finally, on 4-18-94, I decided to buy 50 shares at market price ($82.50) and get the other 50 shares when the price came down to something more reasonable. Ha! That other 50 shares which I could have gotten for $75 more than I was willing to pay, and never got of course, is now equal to the 800 shares that my 50 blossomed into. Occasionally I wonder who has my other 50 shares <g>. My lesson is to pull the trigger immediately when I find a stock I'm sure I want to own long term. And yes, I watched QCOM quickly offer a better price for two days after my market order but I had no regrets knowing I was locked in to a long term winner. Thanks all for your contributions to this forum. Rory