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

To: Curbstone who wrote (12145)	12/6/1999 6:03:00 AM
From: gdichaz	Respond to of 54805

Aloha Mike: For what it may be worth, since Canada has an unusual number of small leading edge communication technology companies, I have done a bit of research on them and nibbled at a couple. I originally put in an order to buy one listed on the Toronto exchange from Fidelity, and the order was actually executed on the US OTC (with my permission of course). I followed a similar pattern again. And this is what happened with a small British technology company. These OTC stocks do not repeat do not have minute by minute real time pricing. They are typically priced once a day at the end of the day. In my case, since I do my research up front on the technology (which is the key to my investment decision) and then finding which company is the leader in that technology - more often than not a small company - and surprisingly often a Canadian one in wireless and fiberoptics - where I concentrate, this limited market and pricing is OK with me. I am confident enough in the company's technological lead to make it a buy for me even if the price when I buy is not exactly coincident with the fluctuations on the Toronto exchange. Others may feel otherwise. And note, these companies would by considered shiny pebbles here. I find such companies have turned out to be my best investments BTW. Both the Q and JDSU (then Uniphase) would have been labeled shiny pebbles by some here when I bought them. So would ARMY, PHCM and PSION which are key technology companies which are doing very well indeed. I suggest that the so called shiny pebble designation is simply wrong. It implies a fake. These companies - whatever they are - are not fake. And they are not inert. They are as far from inert as it is possible to be. My suggestion is that these are baby princes. Since I am up late here, thought I would take advantage of the end or the weekend for a little info for you and a provocative position on when an "entry point" is best. My experience with "entry points" is that once you have thoroughly researched the technology you are investing in and are comfortable with your command of it from an investing standpoint, and you spot a new young company that looks interesting, buy it. Period. At least nibble and watch carefully. Then build up your position over time if its doing well. It is just possible that some here might disagree. But I suggest that the key effort should be on learning about the technology itself. The rest follows. For me, waiting for the tornado is like waiting for Godot. (Well, not quite - Godot never showed up - and the tornado frequently has) Again, investing pre tornado gives much more bang for the buck IMO. Does this mean a few mistakes, yes. But if you know what you are doing with regard to the technology itself and are careful, those mistakes are remarkably few. The gains far outweigh the losses - by an order of magnitude. Now to sit back and see how many slings and arrows I will need to fend off. Cha2