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

To: Uncle Frank who wrote (22705)	4/14/2000 3:47:00 AM
From: Bruce Brown	Read Replies (1) \| Respond to of 54805

UF and fellow G&K investors, I just wanted to add to the excellent comments made already about longer term investing and weathering market storms. My mailbox is full this morning of the type of comments and agreement that I haven't seen since the bottom in 1998. Although I am not comparing that event with this event, I wanted to focus on what the 'gurus' are commenting on in terms of TA. I don't attempt to time and trade, but did use the opportunity in the fall of 1998 to add to a lot of my core gorilla holdings because I felt it was really a 'chance of the decade'. However, I certainly do follow and skim the thoughts for the simple fact that if I want to buy shares of a new growth company I've been watching for a half a year (like Foundry yesterday) or add to my core gorilla positions I might be able to get a glimpse of what the 'gurus' are saying. I don't know if it means anything positive or negative that most of the gurus are getting close in agreement, but they certainly seem to be arriving at some conclusions. Mike Murphy's news flash yesterday for his investors to step in and get fully invested now because he thinks that this correction is near a bottom and will prevent a 'summer doldrum' effect in the Nasdaq. His call is that it is 'time'. By the way, he likes Oracle, EMC, Microsoft, Intel and Cisco here as well as a few other big name tech companies and says even aggressive investors should have 25% of their portfolios in these companies and moves that percentage up to 50% for conservative investors. Merrill's Dick McCabe on TV chuckling and grinning about his Monday Nasdaq comments which I'm sure made the firm some nice cash on the way down and now they dressed him up and propped him up in front of the camera to chuckle and grin his way to contributing to the bottom is near and 'help Merrill make money on the way up' speech. The Bull Market TA newsletter last night confirming that in their estimation, the end is near (bottom that is). The link I provided where Paul Cherney sees the bottom in sight and thought yesterday would provide it: personalwealth.com As well as John Bollinger talking about his bands and the 200 DMA. Raymond James is talking and all the usual assortment of guys/gals that talk when things are 'overvalued/extended' are now talking on the other end that they are content and see the signs of a bottom converging, blah, blah, blah. Some want just one more little element here or there to confirm in their minds a textbook 'perfect' case to signal the bottom. One day of advance-decline ratio on a strong positive. One day of nothing but granola and orange juice, followed by one day of lots of beer and brats. One or two days of sunshine, no wind and no waiting on the tee box with minimal hooks and slices. And of course, final confirmation will be when David Tice and Bill Fleckenstein water their tulip gardens just in time for Easter morning services next week. <ggg> I read most of Fleck's articles here at SI. However, the market doesn't always reward this to them. Of course, there is always the chance that they are all wrong, but confirmation in the media and all the pundits that use the opportunity to paint the gloom help add to the confirmation of the clock work end of what in the short term, seems like pain. As we have read on this thread in regards to valuations, sentiment and what at times appears to have been a little 'throwing caution to the wind' in terms of margin use by some, there really is no 'rush' to accumulate wealth by employing such strategies to the point that one ends up paying for it in a negative fashion. There certainly is no reason to be 'anti-margin', but using it requires setting limits that will not produce the consequences of being called on it. It is hard to be patient at times. Yet, I would like to think that in the interest of being successful at gorilla game investing and investing in general that judicious learning over time will help prevent a repeat of being called from happening in one's investing future. Yes, everybody wants to increase their wealth 'fast', but in reality time is the most important part of the equation. Whether it is in a gorilla stock or another company. I guess I am speaking to the 'younger' crowd on that issue simply because the amount of capital is usually lower and the 'dreams of fortune' are perhaps more frequent while many in the 'less young' or more experienced crowd have already achieved a level of financial success that provides a comfort level and position where applying maximum risk is no longer even a thought. However I address the younger, less experienced segment based on the majority of PM's and emails I get from fellow investors because time is one thing the younger crowd has on their side in terms of investing. In my opinion, building their wealth in terms of equity investments over the longer haul doesn't require borrowing money to achieve it. Especially if they adhere to the types of investments we discuss in relationship to The Gorilla Game. BB

To: Uncle Frank who wrote (22705)	4/14/2000 9:22:00 AM
From: substancep	Respond to of 54805

Uncle Frank, <nothing is wrong with our economy> From CNN: <The Consumer Price Index, the government's main inflation yardstick, rose 0.7 percent last month, stronger than both its 0.5 percent increase during February and the 0.4 percent jump economists polled by Briefing.com expected. Factoring out volatile food and energy prices, the index's core rate climbed a more moderate 0.4 percent, but that was still higher than the 0.2 percent increase economists expected and marked the rate's highest one-month increase in nearly five years.> I am curious. How has rising inflation effected the G&K's in the past? P