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

To: LindyBill who wrote (9533)	11/4/1999 4:22:00 AM
From: chaz	Respond to of 54805

Two years worth! Hey, that's a wow! Off Topic: The get out and live part is why I'm moving, Nov 19, to South Carolina. Only one of my children have children, and that's SC. For years, my mother complained and complained that she never got to see her grandkids in California while she could have easily moved there from Florida, as we asked her to do many times. "But what'll I do with all my furniture" kinda tells you where her priorities were. Well, I sold mine when I came here to take care of her, and I sold hers when she died. Now, I'm gonna buy new stuff in SC, and spend my weekends teaching two young girls how to fish,....catch 'em, clean 'em, cook 'em and eat 'em. On Topic: BTW, I spoke the other day to a group of HS freshmen about the stock market, investing, learning the difference between wants and needs, assets and liabilities. Scheduled for 30 minutes, lasted 2 hours. The kids were absolutely fascinated. I described a gorilla, named them, showed them how to read the stock tables in the paper. I'll bet more than a few of them became believers yesterday. Great ego experience for me. Thuycididies

To: LindyBill who wrote (9533)	11/4/1999 6:24:00 AM
From: 100cfm	Read Replies (4) \| Respond to of 54805

"When I look at what I could spend each year from now on, and compare it to my income and worries of 7 years ago, it is mind boggling! " i can relate to this very well. although my timeline is only 5 months ago. in june of 98 i sold my company that i started 24yrs ago at the age of 18 to a consolidator for stock. in june of this year when the 1 yr. restriction was lifted my stock was worth exactly half. major depression. three weeks ago it got cut in half again. suicidal depression. just out of sheer luck a friend of mine mentioned the richest guy in our town put everything he owned into Q and was making a pharoah's fortune. luckily without even knowing what cdma stood for i bought 4000 shares at the beginning of july and have since added another 1000. where i once thought that everything i worked for was dn the drain, today i sit here with renewed confidence that everything will work out, especially with the great advice and help from everyone on this board. my deepest thanks for your sharing. i never believed a word i read on any message boards until si, it didn't take me long to realize you guys are much much different. i would have sold if it weren't for the info and knowledge i got from you guys. the Q has made almost half my losses back in less then 6 mths. i still have half of my company stock that i am trying to build up the emotional courage to sell and put into the Q. tough to swallow the loss after 24 yrs of sacrifice and hard work. i know i should do it, have to do it, just can't pull the trigger. but i will and 1 yr from now i know i will be way to the plus side of the equation. all i have to do is tag along for the ride with everybody here. thank you thank you thank you to all. time to leave the monitor and go live a little.

To: LindyBill who wrote (9533)	11/4/1999 7:40:00 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

I'd like to add some perspective to the current wave of euphoria related to the success of Qualcomm's stock. To do that I need to first attribute some comments to particularly revered people in our thread: Awhile back Frank said that Qualcomm is the best stock he's ever owned. Lindy just wrote that yesterday was probably the best day in financial terms that many of us has ever had. I can't tell you how thrilled I am for both of them. Yet we all need to focus on the expectation that for long-term investors buying quality companies for whatever reason (though I strongly believe gorilla criteria offer the best reasons) there will be even better days to come. I don't know if it will be tomorrow, next week, next month, next year, the next decade or all above the above, but for those who maintain the same discipline that got them to this level of success today, there will be many more successful days in the future. Is Qualcomm my best stock to date? On an annualized basis, probably yes. But annualized returns on such a short term basis (whether good or bad) can be highly misleading. I can identify three stocks which were, if I remember correctly, at least 7-baggers and one of them was the stock of a retail hardware company! That's three stocks which, in my way of looking at things, Qualcomm has yet to live up to by a wide margin because it hasn't yet increased my wealth to the same extent using at least one important measure. When it comes to yesterday's increase in the value of my portfolio, I had an even larger increase in dollar value three years ago even though my portfolio was one-fourth the size that it is today. (Hmmm, though the first part of that sentence was intended to be the essence of my point, perhaps that last part is even more revealing.) When I see that Bruce has a stock that increased 40,000% over a long period of time, THAT is the kind of success that makes me happy for Lindy, Frank, and all of us who have the same discipline Bruce has -- to hold a terrific company for the long term so long as its prospects remain as originally identified or better. For those with long-term discipline, this year's success only puts another notch on the investment belt. Just like the five-year-olds who mark their height on the closet door, it is nearly inevitable that there will be many more marks to come. Not to minimize Frank's or Lindy's recent and immediate success, but my real happiness for them is knowing this is just the beginning, that they will continue to pass their insights along and enable so many others to enjoy the same. --Mike Buckley