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

To: LindyBill who wrote (22138)	4/3/2000 1:07:00 PM
From: shamsaee	Read Replies (2) \| Respond to of 54805

Hi Lindy I think you have seen your share of bear markets and bull markets.IMHO We have a bull market but some serious volatility,which leads me to the idea of some sort of strategy to protect ones profit.Keeping cash in my case does not make sense,as I am 32,Educated,fully employed and have cash left over on a monthly basis that,I keep contributing to my portfolio. However my portfolio was 55% up for the year and the last two corrections have brought it down to 21%(not counting today's damage).Having gone through the experience,I still can't bring myself to sell anything with exception of elon as,I sold half my positions for a 20% gain which looking back now was a great short term decision and reinvested the money into RBAK. Any help would be appreciated,

To: LindyBill who wrote (22138)	4/3/2000 8:53:00 PM
From: BDR	Read Replies (2) \| Respond to of 54805

<<I guess you want to buy insurance against a long term bear market.>> Correct. Keeping a large chunk in cash is one way but the derivatives market was designed for just such purposes and may be a more efficient way to do so. While I would like to smooth out the fluctuations during these 10-15% corrections, that implies better timing than I have been able to demonstrate in the past. I am more worried about trying to live off my portfolio and finding myself facing a situation such as that which occurred in 1987 or '73-'74. With a large enough portfolio that wouldn't be a problem but mine isn't. Or maybe it is but I am just not convinced. What is enough depends on each person's circumstances and perceptions. I am wondering what the market will make of the DOJ action. If the market thinks that the DOJ is going to start to intervene in every sector where one company has a controlling position (threatening the underpinnings of the GG) we could be seeing a lot more volatility and drops in prices.