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

To: TigerPaw who wrote (23159)	4/20/2000 8:04:00 PM
From: Eric L	Read Replies (1) \| Respond to of 54805

TP, << That is a dangerous attitude to take with one's portfolio >> You back up this statement very well and I agree with your rationale. There most certainly is a time to reevaluate your reasons for holding a position in a company and Moore gives several examples of those in the RFM. At times you take a loss, hold cash, or reinvest elsewhere. ... but ... I maintain that if you are an investor as opposed to a trader, you only take a loss when you sell. I invest (primarily) for (early) retirement in tax deferred accounts. I do not use margin in any accounts (saving that for another stage in my life where I hope to use the leverage it afford as intelligently as some others here). My horizon is not super long term but it is long enough that I don't need to be in much cash (except to buy stakes in some quality companies on the dips that inevitably occur in the volatile tech market place) << When the stocks we own go down it's just as if some of your cash burned away or got lost down the sink >> I vehemently do NOT agree with that. There is nothing that has occurred in in my investing life that would make me think that. I don't want to imply that I have not poured money down the sink on equity investments. I have earned my stripes. <g> We all have. << I too hold GMST which is currently under water, but that is only because after looking at the stock, and my alternatives to place the money, and tax situations, I have decided that holding is still my best prospect >> I went through the same process. I reached the same conclusion. On December 31, I was up (on paper) 43.5% on GMST with my first of six investments being made 3 months earlier and my last that day, and GMST was 13.5% of my (retirement) portfolios. I have not added or sold since. I am today, at market close with Naz at 3643, down 16.1% since initial investment and GMST is 8.9% of my portfolio. I have no loss in GMST. I have not sold. I do not intend to sell near term unless fundamentals change. I am satisfied with my position. I am 95% invested. I used most available cash I had accumulated in late February and March to add to positions on late Friday and early Monday in Gorillas & Kings. << One only loses if one sells ... That is a dangerous attitude to take with one's portfolio >> Might be for some. It is not for me. I have a sound and tested plan. I am what Geoff calls a semiprofessional investor and I am well ahead of my retirement objectives. To thyne own self be true ... I think "tekboy" said that. <g> - Eric -