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

To: Apollo who wrote (15009)	1/12/2000 1:00:00 PM
From: LindyBill	Respond to of 54805

Lbstocks posted this on the Q thread. This guy belongs on our thread! Post from The Rich Janitor on Yahoo> If the SI board has you down The_Rich_Janitor 01/12/2000 03:01 am EST read this. I wrote it for the FF board so forgive me if it sounds as though I am preaching to child. I know that the investors on this board are generally more experienced than I... -------------- Corrections are a part of life. The biggest advantage that large investors have over small investors and traders is TIME. Vetrans looks at these corrections as inevitable and they shake them off like ants. They like to see small investors panic and they know that fear and time will ultimately break the squimish. There is only one constant in the stock market. Only one variable that you can count on and that is: The market will go up and it will reach new highs It will never reach new lows and it you will never be able to pick with accuracy, relaiable trends. EXCEPT that in time, the market will go up. If you are a short term player and you have money in the market right now, you are playing with fire. Long term investors don't really care about these corrections. Sure we hate to see our profits diminish, but this would never cause a vetran to panic and sell. Actually, this causes us to play golf. QCOM may go down to 100 in the next few weeks. It may also go up to 250. Can't tell you because I can't predict the market. I can predict that QCOM is a growth company and when the market goes up, QCOM will lead the pack. Companies with 50% yearly growth over long periods of time will all go up with the market. That is your only guarantee. People have their BS charts, but they mean nothing. They are mere toys on a large battlefield with real weapons. Hey, I play short term and I make momentum investments, but 80% of my portfolio is long term. I can count on that 80% and when the market is plowing upward, I have great fun with the other 20%. When things are unsure, that 20% is either cash or used to add to my long term positions. Anyway, all I am saying is quit looking at day to day movements. Don't stress things. Are you a real long or are you a 60 day long - two very different animals. Less than two weeks ago, QCOM closed at $125/share. It was an all time high close. Now two weeks later, people are speaking of suicide because we are only at $145/share. That's right afte 4 HELLISH NAZ days we are $20 above our all time high from two weeks ago. Hell, I'll take a 19% two week return on my investments. Some day soon we will again visit our all time high in the low 200s. That is your only guarantee. But you have to hold on to the stock to receive that guarantee. Think smart people. The big boys are counting on you being idiots. They have the upper hand as long as you make predictions and panic when things look hairy. Learn through experience and enjoy the market. Play it smart and you retire early. A crash cannot occur as long as a the economy is good. You have never heard of a strong economy causing a crash. If you ever live through a crash, you will know it. You won't be bitching about how 25% of your profits disappeared; you'll be bitching about how 33% of you actual capital disappeared. Just my thoughts. If you are stressing things, take the day off and play golf. When you come home, you will realize the world did not end (even if your handicap sucks like mine). OT: I just discovered that my link to my pictures in my profile was not working. Since they now contain photos of my Grand Daughter dancing, I am posting the link again. albums.photopoint.com