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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (5224)	12/3/1999 3:03:00 PM
From: BelowTheCrowd	Read Replies (1) \| Respond to of 10293

Bill, I know. Seems that the idea of an overall money management strategy is unfathomable to those folks. I've stated my own overall strategy here before, but basically: * No more than 5% of my portfolio will be invested in any large-cap stock. If the position grows than 10%, I will "trim down" judiciously in order to keep it under 10%. * For small caps and other speculative stocks (which at the moment still includes most internuts, despite their "large cap" valuations), I exercise the same kind of strategy, but the numbers are 2% and 4%. * These rules apply whether long or short. * New rule: The "small cap and speculative" category should not be more than 30% of the total. * The final arbiter as to categorizations is me. I used to put AOL in the second category. Over the past year I've moved it into the first. So, even if I had shorted my max (2%) of VLNC at 6 and watched it double, I would have lost at most 2% of my total portfolio value before I started trimming back. Big deal, my AOL position has made significantly more than that in the past month... These guys don't seem to get the fact that I consider some losses to be a normal cost of doing business. I was wrong (as you were, and as many of the marketing folks I know were) about CPU. Other picks that same year left me very successful. mg

To: Bill Wexler who wrote (5224)	12/4/1999 10:00:00 AM
From: Hank	Read Replies (1) \| Respond to of 10293

"You know, I've been wondering the same thing. My shorts in VLNC, GUMM, etc. amount to tiny percentages of my overall portfolio." Yes, but that's because you invest with half a brain. Some of the longs on the GUMM thread have blatantly declared that their investment in GUMM will make them multi-millionaires. Obviously, a case of too many eggs in one basket. I wonder who's REALLY scared here?? (g).

To: Bill Wexler who wrote (5224)	12/4/1999 1:13:00 PM
From: Mike M	Respond to of 10293

You also have to wonder why they aren't as passionate about investing in quality companies such as AOL (60 points up [pre-split] since mentioned on this thread) or COST (another huge mover). Don't be so full of yourself. I have owned PFE for thirty years. GE for nearly as many. AOL for two years. This isn't about what we have it is about how responsibly we communicate. You have a problem with the truth. You carelessly slander people and companies and think that you can do so with impunity. If you really knew something it would be different but you don't. It doesn't make it a redeeming quality that you pick a few winners as you unfairly malign. "Slander per se" will catch up with you one of these days Bill....