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

To: Mike Buckley who wrote (14483)	1/7/2000 9:43:00 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 54805

I have not seen any body of carefully collected statistics to prove that stocks go down faster than they go up. But just to cite a particular piece of data, there was a day in October 1987 when stocks collapsed by about 30% but I've never heard of a day with a rise of 30% anywhere. Lucius said correctly, I think, that fear is stronger than greed so the panic to sell should be greater than the buyer's panic on the upside. All conjectures, of course. "In the long term, they don't go down." Certainly that's true. But this does not prove that margin purchases are sensible. Broker's demands for margin can force the sale of shares at the worst time. It seems to me frankly that if you don't have much money but can lurk at some SI boards where you get to read the analyses of Mike Buckley, DownSouth, UncleFrank,etc. then if you have patience you will eventually become rich without margin. If you are already rich then the only common way you can get poor is by borrowing money, JMHO.