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


To: Uncle Frank who wrote (20447)3/17/2000 5:09:00 PM
From: shamsaee  Read Replies (4) | Respond to of 54805
 
I revisit the manual almost everyday and have a few friends reading it right now.I don't understand why everyone is warning me about prudential.I currently have a Schwab and Waterhouse account and extremely annoyed by their service.I am on hold for about 20 minutes calling from overseas and accessing funds or depositing funds are a pain in the neck due to the fact that they have no local branches here.My choices of local Brokers are M.Lynch,prudential,S.S. Barney and soon to open Morgan Stanley.I went to prudential because a couple friends at the club recommended them and their tech research Volpe division.If you have any other recommendations,I am all ears.



To: Uncle Frank who wrote (20447)3/17/2000 5:46:00 PM
From: Dr. Id  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


I got a call from a cousin of mine this morning who I hadn't spoken to in a while. Last early December, I had seen him and we had spoken about the market. I emailed him a list of my favorite stocks ( NTAP, GMST, CSCO, JDSU, QCOM), which he tracked for a few weeks. He then called his broker on Jan 4, and told him to sell his lagging old blue chip stock and buy a basket of the stocks I had recommended. His broker strongly advised him not to sell his old blue chip, and not to buy the stocks I had suggested because their "PE's were too high and they had run up too much already". My cousin followed his brokers advice, and has watched his old blue chip go down 30% and the stocks I had recommended go up into the stratosphere. He has not been happy. I told him to buy a copy of the FM (I had told him to before but he didn't listen!) and to fire his broker. Human nature being what it is, he'll probably do neither! :-)

Dr. Id