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

To: Uncle Frank who wrote (10214)	11/12/1999 9:53:00 PM
From: chaz	Read Replies (2) \| Respond to of 54805

Right Unq, but if I may comment, we've talked of LEAPs and options at some length here as ways of extending our gains, and even though they too are outside the GG hunter's quivver, are they not still used by some? Jazzesq is looking for a way some of us might have attempted to protect a gain using stop loss orders. It's not part of the plan book to be sure because we do ignore the short term, but there may be some or many here whose thoughts about stop-loss orders could be well worth hearing, and I'd be among those who might find the corkscrew more useful than the cork. After all, we are in for a pullback....

To: Uncle Frank who wrote (10214)	11/12/1999 11:29:00 PM
From: Grantcw	Read Replies (4) \| Respond to of 54805

Uncle, If you read the head threader you'll get a little better understanding of the Gorilla Game approach to investing. It's a long term buy and hold strategy, and as such, short term fluctuations are ignored I know you've been preaching buy and hold for the past year or so, but I wonder if that rule is made to be broken? I've only been following Gorrilla Gaming since April, the month in which I placed 1/3 of my portfolio in Q. It's now run to 2/3 of my portfolio, which I'm very happy about, BUT the investment has become large enough relative to the rest of my portfolio that I now watch it constantly at work, and even check afterhours quotes every so often at home! I've been in this place before when I daytraded more than a year ago. The stress of it all, along with my lack of free time, forced me to quit daytrading and join the Gorilla Game as a quality of life move.<1/2 ggg> QCOM's run has put me back into this full-time market monitoring mode. So what can I do about it? I can ride out the storm, monitoring QCOM day and night until it's fundamentals change for the worse 10 years down the road, or I can take advantage of this short-term run to sell some shares and diversify to lessen the relative value of QCOM in my portfolio which would hopefully lessen my stress/time spent watching QCOM. I would then diversify into other Gorillas & Kings (GMST looks interesting). Is this wrong? Am I the only one here thinking this way? Thanks, Grant Edit: Just saw QCOM at 384 3/4 in afterhours on Island. Glad that thing doesn't run on weekends.