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

To: tekboy who wrote (25276)	5/24/2000 12:19:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 54805

In LTB&H dont forget the most important decision. NO MARGIN. Not even a safe margin. Otherwise you better time the market as should be obvious now to those who bought in the last 2 months and held.

To: tekboy who wrote (25276)	5/24/2000 3:27:00 PM
From: shamsaee	Read Replies (5) \| Respond to of 54805

LTBH is a great strategy in great companies.However I have decided to take the approach of adding in valuation and TA of when to buy and when to sell.I am sure no one gets it a hundred percent right and might buy too early and sell too early but it does significantly reduce ones risk.I believe the common mistake a lot of us made was to let the stocks in our portfolios get to obsequious levels and look the other way. Learning the hard way but won't make the same mistake again in the future.OBTW there is a fire sale on qcom today. Nice buy on the options. Shamsaee@nodrypowdertobuy

To: tekboy who wrote (25276)	5/24/2000 4:26:00 PM
From: rushnomore	Read Replies (1) \| Respond to of 54805

re: trading vs. holding Malcolm and Thomas -- Thanks for your messages (25277 and 25279); see my response to tekboy below. ...what really gives the Tortoise the long-term gain or loss is not a cumulation of short-term price moves but rather a reasonably efficient market's tendency to eventually bring price generally in line with value. That's why the Tortoise ignores short-term price movements and pays attention only to underlying fundamentals, because those are what drive the long-term movement. I see the Tortoise's strategy not as "buy and make a new decision every day whether to hold or not," but rather, "knowing that I intend to hold for a very long period unless something goes dramatically wrong, what business do I want to become a silent partner in?" This means that the skill set required for Tortoises involves two things: being able to select companies with growth prospects that the market has not already discounted for, and being able to do nothing until/unless fundamentals change. Assuming those don't change quickly, buying and holding is thus one decision. I agree 100%. Well said.

To: tekboy who wrote (25276)	5/24/2000 4:37:00 PM
From: Sunny	Read Replies (1) \| Respond to of 54805

re your post on December 21, 1999 As a newbie and still trying to learn from the more erudite on this thread I found the Lynch quote, "Time is on your side when you own shares of superior companies....Time is against you when you own options." (306) fairly instructive. Since you have taken to the role of educator, it might be instructive to add when you decided to spice up the performance of your account by trading options to your testimony. Then you can follow this revelation with I was a sinner, I traded options and hurt myself. Now I am a dedicated LTB&H'er. Sunny