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

To: KY who wrote (19631)	3/9/2000 10:01:00 PM
From: Mike Buckley	Read Replies (3) \| Respond to of 54805

KY, I'd like to expand on your point. For the masses, discipline is a very good thing...and tends to keep you out of trouble. Absolutely true. But don't confuse Lindy's tactics and strategies with lack of discipline. Just the opposite, he is very disciplined in everything he does. There are lots and lots of ways to make money. I couldn't do it his way because I don't have his skills. We need to appreciate that awhile back Lindy made a move and a lot of people in the folder felt a little blind sided because they found out about it well after the fact. Now he feels a little obligated to keep the thread more informed. The masses shouldn't confuse their strategies with his just because he's doing his darnedest (is that really a word?) to keep people informed. --Mike Buckley

To: KY who wrote (19631)	3/9/2000 11:44:00 PM
From: Copeland	Respond to of 54805

Yeah, but what happens when suddenly we no longer invest in this ideal environment? How will the non-superhuman investors deal when all of a sudden our tech stocks remain flat for a year and a half? This will happen...maybe not this year or next, but it will. I mean, damn, this is easy right now. It shouldn't even be called investing...more like shooting fish in a barrel. Hey, if Lindy is savvy enough to switch methodologies at exactly the right moment, hats off to him. You do what any trader does -- you rotate into the next hot sector and start looking for undervalued or momentum stocks there. Most manias take at least a few weeks (grin); enough time to do some research (or at the very least pick up a copy of Barrons) and try to discern what's next to explode. Fortunately enough, the last year or so has been kind to us. The major momentum has been in only a handful of sectors: internet, tech, and phone stocks (financials occassionally and more recently biotech). When one dies, just shift your focus into one of the remaining three, and so on and so forth. The same principle can be applied in more diverse markets, including bear markets (albeit with more difficulty). Of course, easier said than done, but it makes money for those who make a living trading the markets.