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

To: Mike Buckley who wrote (21051)	3/22/2000 8:40:00 PM
From: Uncle Frank	Respond to of 54805

Mike, that post by globalstreamer from MF sent a chill up my spine. It's not the first time I've heard that story, nor will it be the last time margin and options will ruin someone's portfolio and dreams. I hope and pray it won't happen to any of our G&K colleagues. I'm sure some consider our approach to be overly conservative, but when Mr. Bear Market comes calling, I want to be holding a hand of fully paid for Gorillas and Kings. uf

To: Mike Buckley who wrote (21051)	3/22/2000 9:06:00 PM
From: Peter Sherman	Respond to of 54805

how many times have I posted on this board, "neither a borrower or lender be" - I feel sorry for the fool, but the lesson is - do not borrow - LTB and H means that the B is for Buy and not Borrow -

To: Mike Buckley who wrote (21051)	3/23/2000 8:17:00 AM
From: Len	Read Replies (2) \| Respond to of 54805

Mike, Good link. I have to admit I use margin regularly. However, there are a couple of rules I always live with. 1. I alwys keep margin to what I think is a reasoble percentage of my overall account. 2. I try to avoid momentum or highly speculative stocks. 3. I always know which stocks I am going to sell if the market turns down and I become concerned about the margin percentage getting too high. 4. Unless the stock is a core holding I pull the trigger and sell if it drops 10%. All this said, I still consider myself a GGamer since I do not mess with QCO, GMST, & NTAP. I am getting ready to sell my EMC and have lightened up a little with QCOM. My reason for the post is to argue that margin, like many other things, is a tool. But, like a power tool, you have to be alert when using it. Len