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

To: Uncle Frank who wrote (23128)	4/20/2000 10:55:00 AM
From: straight life	Respond to of 54805

UF-"That's a good question, since intf isn't a Gorilla or a King. If one is to hold Kings lightly, what does that imply for tactics related to Shiny Pebbles? (squirm)-sl

To: Uncle Frank who wrote (23128)	4/20/2000 11:21:00 AM
From: tekboy	Read Replies (1) \| Respond to of 54805

my thoughts exactly. I took a small position in INTF after math's Hunt Report, by which time it had risen to 38. It drifted down, then back up again, and eventually I sold in the low 40's to reduce some margin debt. I was a bit jealous, but not too much so, when it ran up afterwards, but was (and have continued to be) more comfortable holding my Gs and Ks... I am moving ever closer to the idea that one should think of one's account as being composed of two parts (or just get two accounts): an LTB&H core, composed of Gs and Ks, and a short-term periphery for fun (pebbles, momos, options, etc.). Each kind of investing needs its own distinct discipline... tekboy/Ares@BWTFDIK.com PS but one demurral to frank's point about holding Kings lightly: as I understood it, that was because Kings can lose their competitive positions quickly. The implication was to monitor the fundamentals closely and sell at the first sign of trouble there, not watch the stock price closely and sell when it goes down... I.e., if a good King drops dramatically in price but with its long-term future prospects unchanged (can anyone spell N-T-A-P?), you shouldn't bail but rather keep holding...

To: Uncle Frank who wrote (23128)	4/20/2000 1:08:00 PM
From: Icemember	Read Replies (1) \| Respond to of 54805

I am suffering a bit of disillusionment from my initial zeal as a big game player. It seems in retrospect that our adherence to the notion that Wall Street consistently underestimates the potential of Gorillas and Kings, and what a terrific advantage that is to us GG'ers, is a slippery notion indeed, one that needs a good bit of tempering by the competing notion that the market is very good at factoring in new information affecting the price of stocks. The news is out on how competitive advantage can parley into greater long term earnings, and compounding advantage, and has been factored in by a lot more than us "gamers". IMO, we have to recognize that the Gorilla Game strategy has been a short term advantage to followers, but now has the potential to lead to inflated stock prices. Icemember