Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: Lynn Goodman who wrote (2336)	5/26/2000 12:13:00 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 22706

I wonder why they don't feel as comfortable as I do? Lynn, The first answer might be that they are inexperienced. It's understandable that seeing a major index crash -- and that word, "crash," is not an overstatement -- 40% in a month or so will be unnerving to the inexperienced or the people who haven't closely reviewed historical data. I think the second answer is that the people who are truly emotionally distressed weren't any more objective about their assessment when prices were going up than they are now when prices are going down. I remember quipping in an e-mail to a few friends that a stock I had owned (no longer the case) had gone up 25% one morning on absolutely no news that week and that I wanted to know why the company was worth 25% more at noon than at 9:30am that day. The point is that I questioned the rise when most of the people you're referring to only celebrated it. And if that isn't being curmudgeonly enough for this thread, tough! (Hmmm, that last comment is certainly curmudgeonly enough.) I hope I'm as empathetic and patient as anyone will ever be, but one reason I've joined this thread is because I really am getting a little tired of people wanting to get rich quickly who still refuse to put the Nazdaq into historical perspective when it increased 130% in 15 months. --Mike Buckley

To: Lynn Goodman who wrote (2336)	5/26/2000 12:19:00 PM
From: Dr. Id	Read Replies (1) \| Respond to of 22706

And why do I feel so comfortable? Because I am completely comfortable with my assessment of the intelligence and the abilities of what I consider to be the core posters on the main thread and my opinion is that the system that they use and the conclusions that they reach pursuant to that system are as good a system for investing as I am likely to come across, given that my every waking hour is not going to be devoted to this pursuit. I wonder why they don't feel as comfortable as I do? I wonder if you'd feel this way about the "intelligence and abilities of core posters on the main thread" if you had actually met them?(let alone spent time with them in Vegas?) Would you have as much confidence after watching them get lost in a small bathroom, having difficulty adding at the blackjack table, or having trouble getting a simple joke? I have met the core posters, I have dined, gambled, even sat around a pool with the core posters (not a pretty site)...so should you feel comfortable about your investments? All I can say is...be afraid...be very afraid... Note to Sandwedge: If the Nasdaq were like Vegas, all of our rooms and food for the next year...comped. Dr. Id@boughtQCOMleapsthismorningsostilldelusional.com

To: Lynn Goodman who wrote (2336)	5/26/2000 12:50:00 PM
From: Uncle Frank	Read Replies (2) \| Respond to of 22706

That was a very uncurmudgeonly post, Lynn, but we'll let it slide. Your points are well made. The companies we've focused on are in fine shape despite the fact that their stock prices have been trashed over the past 7 weeks. For newcomers to the GG, this represents an excellent opportunity to establish beginning positions. Most of us who have been playing the game for a longer period are fully invested, so this dip only presents an opportunity to regret that we weren't brilliant enough to time the event. However, we're mostly seasoned (as in old) investors, and experience has taught us that trading within the framework of a ltb&h orientation is counterproductive for any number of reasons. The G&K ranks have been swelled over the past year with newcomers who have gained an intellectual appreciation for Gorilla gaming but have only had experience with the upsides of long term investing. It's understandable that some of these folks will now second guess the strategy and look to other methods, like TA, to stop the short term slide in their personal fortunes. When you have an adrenaline rush, it drives you to fight or flight; doing nothing is counterintuitive. It will be educational to compare their results using trading techniques to those returned from a strict Gorilla Game approach over the next 12 months. >> I am completely comfortable with my assessment of the intelligence and the abilities of what I consider to be the core posters If you had seen Merlin getting lost in the bathroom at the Desert Inn twice in a two hour period, you might feel less comfortable about your assessment of his intelligence. cuf