To: DaYooper who wrote (9340 ) 11/1/1999 8:09:00 AM From: Bruce Brown Read Replies (2) | Respond to of 54805
Since you are all still asleep, I'll take a stab at this one.Long term buy and hold is an extremely powerful and effective strategy, and probably more important even than identifying a gorilla company. I am reminded that some on this thread actually sold into weakness when the Q last dipped into the 150s, a common emotional reaction to normal volatility of a growth stock. DownSouth was simply pointing out that a distinction does need to be made between stocks that are participants in a Gorilla Game, a Royalty Game and a Godzilla Game. On a focused board like this, one can't lump them all under the same umbrella and say - "See, look what happened to me by just holding all of these beauties for the past 6 or 7 years". That doesn't float around here. It's all about distinguishing the risk and then applying investment funds into the appropriate categories for one's risk/reward profile. The risks are not similar for each category. Although I participate in all three of the games, I am learning to express and distinguish the risk so as not to mislead others who may read the board. There are certain fundamentals that need to be addressed in each of these games. I would be the first to stand by your statement of the importance of LTB&H. Once a gorilla is identified (which I would argue is very important), the power of LTB&H of that gorilla is magnified. A few on this board explained thoroughly their reaction when Qualcomm dipped on the cancelled presentation. No need to dwell on that issue. The beauty of it all is that there is time to recover from such an event. However, we need to distinguish that the Gorillas, Godzillas and Royalty stocks need to all be under different umbrellas - regardless of whether one is a LTB&H investor or uses another strategy. I find myself meandering again, so I'll stop. BB