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

To: shamsaee who wrote (22841)	4/16/2000 3:41:00 PM
From: kumar	Respond to of 54805

Just my own experience on valuations.I did extraordinary well last year linking my entry points to economic data and forecast.I read up quite a bit on economies of various regions and issues that effected the stock market and US dollar. It is my opinion, that these factors affect all companies, not just Gorillas. I also believe that given the same set of global economic circumstances as the rest of the market, Gorillas will do better long term, primarily due to the sustained advantage gained by BTE, CAP, GAP etc. In my evals, I tend to discard "whats common globally", and include the Gorilla advantages (and give those advantages greater weighting in a buying decision). Once I've decided on a Gorilla to invest in, I then "buy when I have cash to buy with", and dont really consider "valuation at that point in time", because that aspect has been included in prior research, my choice is made, and "looking for an entry point", to me is not entirely productive in the long term. As far as ignoring valuations based on the fact that you are buying said company to keep for the next 5 to 10 years IMHO is extremely risky.Most long term investors buy companies with no specific time horizons in mind and keep their shares as long as the company executes and comes through with earnings be it 5,10 20 years.However there comes a time when fundamentals of the company change and one makes a decision to sell. I believe, in a previous post I implied "holding period" is an outcome of "has the Gorilla been unseated by a discontinuous innovation". So, no time frames in absolute terms. I think we are talking the same concept, just different choice of words. cheers, kumar