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

To: 100cfm who wrote (22246)	4/4/2000 5:46:00 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 54805

The only thing I'm disappointed to learn about your "lessons learned" post is that you're coming off the Opus injections. I bookmarked your post as a reminder of what we're doing is all about. One small correction I'd like to make if you don't mind: 3. Never chase a pre tornado stock, ie elon and cree. The manual says not to buy enabling technologies before the tornado is in place. On the other hand, it says to buy applications technologies in the bowling alley. If anyone out there doesn't understand the added risk of buying enabling technologies before the tornado begins, please read that section of the manual again. Like everything about Gorilla Gaming, it meets the highest standards of common sense. --Mike Buckley

To: 100cfm who wrote (22246)	4/4/2000 6:03:00 PM
From: shamsaee	Read Replies (1) \| Respond to of 54805

.I had to read the post 3 times.It was great and extremely funny.I think what we are experiencing is an excellent lesson for all of us to look at both sides of the coin and not buy Companies based on Price/Vision/promise ratio theory.Its almost as if you are being setup by the media and analyst pump and dump scheme.

To: 100cfm who wrote (22246)	4/4/2000 6:07:00 PM
From: BRANDYBGOOD	Read Replies (1) \| Respond to of 54805

As long as we are forced to pay the tuition, the least we can do is learn from it. I could have paid the tuition to be a brain surgeon today, and am only halfway through the RFM! :0) Need to take one of those speed reading courses.

To: 100cfm who wrote (22246)	4/4/2000 9:01:00 PM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> 4. Csco is the rock of gibralter of gorillas. Uncle Frank, I would be curious to hear how your csco leaps reacted during the two past days especially at today's bottom. My Cisco LEAPS are wavai (Jan 2002 45 strike). At the close of the market on Friday, the bid was 41 5/8; at the close today the bid is 38, which is a drop of 8.7%. In light of the bashing Mr. Market has given the tech stocks this week, I am very pleased with the way the Cisco LEAPS have held up, particularly since they only cost me 17 1/2 three months ago. Qualcomm held up equally as well this week, dipping from 149 5/16 to 146 5/8, a mere 1.8%. With Gorillas Cisco and Qualcomm representing 62% of my portfolio, I feel as if my portfolio is built on a very solid foundation. uf

To: 100cfm who wrote (22246)	4/5/2000 8:16:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 54805

Yes, I liked the lessons that you outlined! However, I do wonder whether the lessons learned would have been any different had we closed at the lows of the day:) The two most valuable things that I have learned from this thread are some of the discussions regarding gorilla gaming and a discussion that occurred several weeks ago as to how different individuals were dealing with a serious market down-turn by having sufficient cash resources to see them through several months to several years of expenditures. I would suggest that the appropriateness of portfolio protection will vary by individual and their emotional capacity to be able to handle significant downswings. For my part, I have dealt with it by maintaining a substantial amount of cash resources to see me through for several years of a market down-turn. But at the very back of mind, I will confess to that slight gnawing doubt as to whether I am likely to be able to stay the course -- hence, my attempts to activate a discussion about portfolio protection. As far as the ability for gorillas to withstand downward pressure, I not convinced that the recent price action is sufficient to make this case. I will agree that past history seems to demonstrate that gorillas are the most likely to recover fastest when the sell-off is over. I would suggest that the price action that we saw in QCOM and CSCO -- both stocks that I own -- is less to do with their gorilla characteristics and more to do with the fact that neither of the stocks have received the full attention of the momentum crowd, margin buyers and those looking for instant gratification. When QCOM was a momentum stock it got as high as 200 in the pre-market and then gave up almost half its value shortly afterwards. Having owned CSCO for several years, there have been similar exaggerated declines in the stock. If you want proof that irrationality can cause greatly exaggerated moves in the best of stocks, just take a look at what happened during the 87 crash. I was, even then, active in the markets and the magnitude of the declines were awesome to behold. Yesterday, was the closest that I have seen to that day, with one big difference -- the market never recovered and the selling accelerated in the final hour or so. But in the ultimate analysis it is a question of "know thy self" -- and how one is likely to react to significant market events.

To: 100cfm who wrote (22246)	4/5/2000 11:51:00 AM
From: StockHawk	Read Replies (1) \| Respond to of 54805

Re: >>Lessons Learned<< That was a great post. The trouble with stock market lessons however, is that the market teaches different (sometimes opposite) lessons at different times. For example, this one: >>Never chase a pre tornado stock, ie elon and cree.<< That was a lesson some learned with RMBS, although those who held on were richly rewarded later (especially if we define "later" as two weeks ago). When CREE and ELON were flying, the lesson could have been - jump on a pre tornado stock. For a while that looked real smart. The problem with stock market lessons is that what looks amazingly clear one day is often forgotten entirely on another day with a different set of circumstances (it is similar to the way I feel about chocolate cake before my first bite as opposed to after my second slice). It is important not only learn lessons, but use them. Perhaps each of us should prepare two lessons learned lists to pin above our computers. One would be things to do when the bull is raging (ie. don't chase) and it should be written when the market is in a steep correction. The second list of what to do in a bear phase might be better written during a strong leg (ie. see it as an opportunity to pick up some XYZ stock cheap) Just a thought. StockHawk