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

To: shamsaee who wrote (20404)	3/17/2000 8:58:00 AM
From: DownSouth	Read Replies (1) \| Respond to of 54805

Shamsee, you say you are convinced that "investing in great companies needs to be coupled with knowing when to take some money off the table." I could NOT disagree more. When I get this feeling I must realize that I am using hindsight. It is easy to see what you should have done in retrospect. It is difficult to see what you should do in the future. The whole point of Gorilla investing is to avoid the need for selling decisions based on market timing. We sell when 1) the fundamentals of the company or its market change to the company's disadvantage (discontinuous innovation, slow growth). 2) we find another Gorilla in another market that deserves more of our money and we have not cash. 3) we need cash to pay the rent. Even points 2 and 3 can be avoided by using "Stock Replacement Therapy" with LEAPS calls, replacing the stock with LEAPS and raising cash to buy stock or spend. If I was "taking money off the table" my stellar returns in CSCO, MSFT, INTC, and NTAP would have been compromised, I would be 0% QCOM and I would be working for someone else for a living.

To: shamsaee who wrote (20404)	3/17/2000 9:45:00 AM
From: Sommers	Respond to of 54805

<<I live overseas and we don't have taxes out here>> If this is true, then you do not hold a United States passport.

To: shamsaee who wrote (20404)	3/17/2000 9:53:00 AM
From: DownSouth	Respond to of 54805

shamsee, you say you don't pay taxes overseas. I suggest you consult a tax expert. I would like to hear how you avoid taxes. That would be a new one on me.

To: shamsaee who wrote (20404)	3/17/2000 11:18:00 AM
From: Uncle Frank	Read Replies (2) \| Respond to of 54805

>> I am now convinced investing in great companies needs to be coupled with knowing when to take some money off the table. I had a meeting with a Prudential rep. last week he liked almost every thing in my portfolio, However he ecommended I go 70% cash or hedge my positions with options SMan, if you want to improve your returns, I'd suggest you turn off your computer and spend all of your time at the golf course. AND KEEP THAT PRUDENTIAL REP AWAY FROM YOUR PORTFOLIO!!! It appears you are doing much better with your ball striking that you are with your Gorilla gaming. It's time for you to rtfm again, seriously. uf

To: shamsaee who wrote (20404)	3/17/2000 12:34:00 PM
From: LindyBill	Respond to of 54805

I second UF's point about the Pru guy. keep them away! look at the market the last two days. "Mr.Market " may batter us, but he has to come back and buy what we own. Don't let a week like this one scare you. Keep enough cash to make you sleep well, and keep the rest invested.

To: shamsaee who wrote (20404)	3/17/2000 2:42:00 PM
From: JavaGuy	Respond to of 54805

RE: Taking some off the table... Sorry if this was posted already, I pulled it out of an article a while back... For those who try to time the market.... Penalty for Missing the Market From 1991 to 1996, the S&P 500 index returned an average of 15.2% annually. Here's what your return would be if you had: Missed the 10 Best Days 11% Missed the 20 Best Days 7.7 Missed the 40 Best Days 2.1 Missed the 60 Best Days -2.4 Another reason for Long term buy & hold. Seems to me that it has more dangerous to be out of the market anytime. -JG

To: shamsaee who wrote (20404)	3/17/2000 4:22:00 PM
From: BirdDog	Read Replies (1) \| Respond to of 54805

he liked almost every thing in my portfolio,However he recommended I go 70% cash or hedge This sounds like a big lie to me. If he really liked your portfolio...why does he want you to cut it 70%? Or start hedging games? Sounds like he's speaking for his own/brokerages good and not your's? He knows that the safest way is to stay fully invested in great companies and not play any kind of margin or games. But then, how would/could his brokerage house ever get a cut of your action? Here is my opinion on selling having watched my portfolio get shredded in this past week. My opinion on this? When the numbers turn red...I break out the scotch...keep drinking till either the numbers or I turn green. Don't go near the brokerage website. No worries of margin calls or anything. If I picked good companies in the first place....they will continue with their increase in value. RaPle