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

To: SOROS who wrote (18298)	2/21/2000 12:25:00 AM
From: Seeker of Truth	Read Replies (1) \| Respond to of 54805

I love these gloomy forecasts by veteran gurus. If the market drops when they said it would they'll remind you of it the rest of their lives. If it doesn't, quiet will prevail. They know the marketplace has no memory. Actually these posts are good things. The more of them the less likely that disaster will happen; they shake nervous people out of their positions in advance of the predicted date for the so called "crash". Actually if 20% down is a "crash" what word is left to describe 60% down? Gorilla game investors pass both such comments and their bullish opposites at the speed of light, never bothering to read them.

To: SOROS who wrote (18298)	2/21/2000 3:41:00 AM
From: Sommers	Respond to of 54805

"...the gorilla game takes a buy and hold approach to the market. The fewer decisions you have to make, the fewer mistakes you will make. By contrast, buy and sell strategies inevitably force you to guess at timing. You might as well guess at dice - the odds are not any worse...gorilla portfolios are the most resilient there are...There is absolutely nothing to be gained by buying and selling stocks frequently except poverty..." Moore, Johnson and Kippola

To: SOROS who wrote (18298)	2/21/2000 4:42:00 AM
From: Sommers	Respond to of 54805

RE: Crash Predictions Bob Metcalfe, one of Silicon Valley's most famous entrepreneurs (founder of 3Com) and clearly a very smart man and creative thinker, predicted that the stock market would crash on November 8, 1999. (see the interview - "Laying Down the Laws" - in ASAP of 2/21/00) Since then, Qualcomm is up more than 80% and CMGI has MORE THAN DOUBLED. As Bruce said, these predictions are unproductive.