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

To: Seeker of Truth who wrote (23203)	4/21/2000 8:16:00 AM
From: Seeker of Truth	Respond to of 54805

Chaz, there's yet another dilemma here when you are resolved to sell after a run. That means you bought the stock intending to sell it after it runs up, not hold long term. Now suppose it perversely turns down. Will you hold it? If this is your policy then you are accepting all down turns but you will truncate any decent up turn. On the other hand if you sell it when it turns down, how well will you do on the average? The whole matter hinges on our "brains to see that it is topping out." If I ever found anybody with that kind of brain I'd pay him well for advice but I don't think she/he exists.

To: Seeker of Truth who wrote (23203)	4/21/2000 6:37:00 PM
From: daffydog	Respond to of 54805

Malcolm, You've written a great post. We often overlook the issues of quality of life when considering different investment strategies. I am a very firm believer in long term buy and hold, with no micromanagement of my portfolio based upon market conditions -- only upon the status of the companies I'm invested in. Even though, it is nearly impossible to avoid the constant bombardment, everywhere I turn, of moment-to-moment news about companies and stock prices (two nights ago I had dinner after work at a restaurant at 6 pm, and they had CNBC on the TV over the bar. I had been blissfully unaware of what had happened in the market that day. I found it nearly impossible to avoid searching the ticker strip for JDSU and QCOM, even though I have no intention whatsoever of selling either company, and I have no cash to further invest now. This only served to raise my anxiety and furrow my brow, until after about ten minutes of this nonsense I came to my senses and looked away from the screen.) Who else out there was just as happy as I was that there was nothing to watch today and no news, good or bad? Don't you think we could all use a breather from this emotional rollercoaster? I have often thought that the best policy would be to buy some gorillas and then take a very long trip, out of contact with all media and the internet, and come back a few years later to find oneself rich. And with no stupid trading schemes that sap life itself. MGG