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

To: tekboy who wrote (22007)	4/1/2000 11:37:00 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

THREAD BLOAT I would like to point out that if anyone deserves the right to add bloat to our thread, it is tekboy. And I do believe that last post I am now responding to exercised that right. :) --Mike Buckley

To: tekboy who wrote (22007)	4/2/2000 4:31:00 AM
From: Uncle Frank	Respond to of 54805

>> I deliberately took more risks than were wise in order to teach myself the game. Well, I've learned a ton along the way, and not surprisingly come out the other end a bit more tortoise-like than before. The hangover was worth the night out, you might say, but next time I might drink a bit less vino... Tekboy, one of the most amazing talents you possess is the ability to analyze your past actions and then modify your future approach with no apparent bias - in other words, objectivity. I think it would be foolish for someone with as long an investment window as you have not to try some high return approaches to investing. I particularly appreciate that you are willing to share the results of these experiments with us. Dancelot is a Q-tip again and Tekboy is MonkeyPrince no more <gg>. The G&K world is a much brighter place. Welcome home, Sir Ares. uf

To: tekboy who wrote (22007)	4/2/2000 2:06:00 PM
From: buck	Read Replies (1) \| Respond to of 54805

Since compared to many of you I'm still an investing novice, and have a hard time learning from books alone, I deliberately took more risks than were wise in order to teach myself the game. Well, I've learned a ton along the way, and not surprisingly come out the other end a bit more tortoise-like than before. The hangover was worth the night out, you might say, but next time I might drink a bit less vino... As a novice investor, like you, and one who has an equally difficult time learning from books alone, like you, and one who prefers to learn the game while playing it, like you, I applaud you in your candor in telling me (us) that it might not be the best idea to try to drink all the wine in the world in one night. You have saved me from my own hangover, as I was beginning to consider all those exotic pressings. There's no substitute for personal experience, but I have no trouble going to school on someone else's bad fortune. Or their good fortune, for that matter. buck

To: tekboy who wrote (22007)	4/2/2000 2:10:00 PM
From: StockHawk	Respond to of 54805

>>closed out a number of small side trades in order to hold more tightly to my G's and K's. Did this, of course, at the bottom on Friday morning, the worst possible time, but such is life...I'd goosed up my account with quite a bit of leverage over the last few months, both margin and options...<< While getting out at the bottom on a few small trades may just be a touch of bad luck, it may also be a cause and effect relationship due to the leverage and the nature of the investments. Having a leveraged position makes it much more difficult to stay the course during a correction. The same is true for a speculative stock. It is one thing to hold unmargined shares in QCOM or JDSU through a 20% fall. It is quite another to see options fall by say 60% or to see a stock you are not really comfortable with start to tumble. As the price goes down the motivation to do something to stop the bleeding becomes unbearable. Selling at the bottom is an almost inevitable result. With margin, options and questionable momo stocks it is very difficult to resist buying when everything looks grand and things are flying up, and it is likewise difficult not to bail out when things look bleak and prices are falling hard. And as I'm sure most of can say - been there, done that! StockHawk