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

To: Uncle Frank who wrote (22734)	4/14/2000 1:07:00 PM
From: freeus	Respond to of 54805

Nevertheless, allowing very large gains to become even or losses is not at all wise. We now have an enormous hump to get over to come back just where we were. I was in mutual funds in 1987 and recall the day after day of relentless selling and then the huge down day on October 17th. I didn't know anything about the market then but I've seen similar actions since. If you sell when you have doubles and triples (you don't have to sell all of a company, half will do) you will have buying power when this kind of route occurs. And I would not be surprised to find it happening from time to time. It always has, why would it stop now? Freeus

To: Uncle Frank who wrote (22734)	4/14/2000 2:02:00 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 54805

USE THE INSIGHTS WE HAVE WORKED SO HARD TO GAIN AS A SHIELD AGAINST THE PANIC THAT WOULD SURELY CAUSE FAILURE. That's a beautiful statement, Uncle F. It reads like Jefferson or Shakespeare. Like poetry it condenses the fruit of the gorilla game into a few words. I'm going to write it down and memorize it for the panic of 2003 that will follow the boom of 2001-2002. Many of us are saying "we should have held a lot more cash." Mike Buckley would ask whether you would be ahead holding a big bunch of cash only to be spent when the market is down 40%. We don't have the numbers to say yes or no on that. The truth is that these are rare days. If we saved for the spectacular bargain we may miss years of steady growth and wind up collecting bank interest only. If we save a little more money than we need for emergencies that little bit extra is just a game to be played today or next week. If we had a large portion of our holdings in cash, most of the time, waiting for occasions like today, wouldn't we have become traders? Where's the gorilla game then? Cash is not a gorilla.

To: Uncle Frank who wrote (22734)	4/14/2000 2:24:00 PM
From: freeus	Read Replies (2) \| Respond to of 54805

Whatcha think, unq, NTAP a buy at 50? (I still have some cash in the IRA: bought a little EMC at 114 11/16, a little msft at 75 13/16 and nibbled at a drug stock, Biogen at 55 7/16. All small buys. Got a tiny bit of csco at 59 7/8.) I have no ntap having sold all in the IRA at 102 hurrah I did something right!) What a terrible market day. Your N Cal gloomy weather has arrived here: it's overcast and drizzly. Matches the market. No, on the other hand, the market is more like a severe hurricane than a drizzle! Freeus

To: Uncle Frank who wrote (22734)	4/14/2000 3:26:00 PM
From: Eric L	Respond to of 54805

UF, << We've constructed our G&K portfolios carefully and employed a rational set of selection criteria >> Well spoketh. That is exactly the way I feel about my portfolio. I am relatively fully invested in 10 exceptional companies and am very satisfied with how those LTB&H investments are apportioned in my portfolio. Like all, I've watched some paper profit disappear, but feel very well positioned for the recovery that will inevitably occur. Have a great weekend (all). - Eric -