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

To: DlphcOracl who wrote (10247)	11/13/1999 10:17:00 AM
From: Apollo	Respond to of 54805

DlphcOracl: Thanx for your comments on JDSU; I really appreciate your taking time to post. I suspect it will be my next King play, probably after I reinforce my Gemstar holdings. BTW, I like your personal quotes in your profile. "(1) All bleeding stops." Yeah, ain't that the truth. ""(2) The only thing worse than making a mistake is prolonging it." Yeah, particularly with investments gone awry. In the olden days, as part of a buy and hold philosophy and as an ego-assuaging maneuver, I might have given a company years to get back to even. Understanding companies better, and their fundamentals, thru a GG microscope has allowed me to make better (but not perfect) decisions this year. For example, when I sold Sonus Pharmaceuticals in April for Q, it was after Sonus had received "partial" FDA approval for their cardiac ultrasound contrast agent. In the olden days, I might have said, hey let's give them another 12 months to completely fulfill FDA requirements. But by April, I realized 2 things: 1. My investment in Sonus was small cap oriented, not even a shiny pebble, and completely speculative based on what I had hoped was inside info from a major trader, and 2. I had come around to understanding GG philosophy of the best returns/risk ratio, and so understood why investing in the gorillas made good sense, even at historically inflated P/Es and other conventional markers of valuation. Insofar as Mike Buckley's comments about remembering many have spouses who are less risk-tolerant and peering anxiously over our shoulders........how true; my very very significant other won't let me reduce our position in Lu or INTC; I like both companies, but would have reduced our position in favor of more rapid growth. At least, I was able to convince her to move part of our 4 y.o. daughter's college trust into Q (49 shares at $208). Apollo

To: DlphcOracl who wrote (10247)	11/14/1999 12:03:00 PM
From: Len	Respond to of 54805

About a year ago I learned a hard lesson about buying the number 2 supplier. Using IBD I found DSP; it looked like a good investment but further research led me to Q and eventually to this thread. I bought DSP because it was cheaper and I thought had greater growth potential. Now, DSP may be a good investment and it was recently bought by Intel. But, the story with Q is history. Fortunately, I got out of DSP and purchased enough Q that I am beginning to count the months to freedom. So, what's the lesson? Buy JDSU and forget the other guy. Just MHO. Best. Len