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

To: Bruce Brown who wrote (22837)	4/16/2000 4:43:00 AM
From: Seeker of Truth	Respond to of 54805

A little anecdote for the frightened. A couple of years ago I cursorily read the Gorilla Game, first edition and I then bought some SAP, the German version not the ADR. It ran up after I bought it and I chased it to the equivalent of about $70 for the ADR. Then it developed that year 2000 postponements of big orders such as SAP's ERM packages would seriously affect SAP's profits. It was also tossed about that ERM had finished its growth,no really solid evidence of course. I watched it slide, sickeningly. Finally at the equivalent of around 25 I sold it all, trying to preserve some capital. Well the bottom was 24 and 1/8. Then it recovered and even now is 45. It's never wrong to sell your shares in a bad company but if you didn't buy on margin what's wrong with holding onto a gorilla? Hope this helps someone.