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


To: tekboy who wrote (22074)4/2/2000 7:43:00 PM
From: lurqer  Read Replies (1) | Respond to of 54805
 
re. Short term vs. Long term

First let me say I'm posting this here in the hopes that I may save some grief from lurking newbies -ones that have yet to "be there and do that".

As one who at least tries to do both ST and LT, I firmly believe it's obligatory to compartmentalize. The set of ingrained habits that will yield success in these two games are frequently diametrically opposed. It is best to view them as separate arenas. Too often people try apply "lessons learned" in one arena to the other. Works 'bout as well as applying basketball ideas to hockey. Ever so often something may transfer, but in general don't expect there to be much transference.

For the LTB&H arena, GG is better than "sliced bread". But some of the hallmarks of the GG approach can be deadly in the short run. In the long run (IMO) the principle determining factor in a stocks price is the company's performance. In the short run (again IMO) the principle determining factor in a stocks price is psychology. Very different. Since we are dealing with mass psychology certain repeatable behavioral patterns can be used for advantage and profit. I mention this only to point out how wide the gulf is between the two arenas.

It also helps if you're a little schizoid like me.<gg>

lurking...

lurqer



To: tekboy who wrote (22074)4/2/2000 8:13:00 PM
From: capt rocky 1  Respond to of 54805
 
tek boy, you forgot "if you're going to panic, do it first!" rocky



To: tekboy who wrote (22074)4/2/2000 8:42:00 PM
From: buck  Read Replies (1) | Respond to of 54805
 
With all due respect to those who have mastered it, this is a chasm that I am not eager to begin crossing. I think I'll wait till I have my first half-million in the bank. At least then I'll know I'll be in cigars and Hawaiian shirts for the foreseeable future.

But I do sincerely appreciate your lessons. Keep it up, even at the risk of bloat.

buck



To: tekboy who wrote (22074)4/3/2000 1:41:00 AM
From: BDR  Read Replies (1) | Respond to of 54805
 
<<Most importantly, when you've had a run so quick and incredible that you can't believe your eyes, and you get queasy thinking things are way overbought, don't get greedy and say, "one more week of this and then I'll sell.">>

To the thread:

I was wondering if anyone was hedging their portfolio of G&Ks and, if so, how? I consider a G&K portfolio a hedge in itself but, having held through three portfolio declines of 10% or more since the first of the year, I am looking at ways to buy a little insurance with some of my profits so I can more comfortably maintain my LTB&H approach.

If this is considered OT thread bloat, I will happily take responses as PMs or take the discussion to a more suitable thread. I did post the same question last week on what I thought was the obvious choice, the G&K Options thread, but got zero response. Thread suggestions?