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.

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

To: John Stichnoth who wrote (25767)	6/3/2000 4:11:00 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 54805

John, If I may ... :) I am amazed that Mike Buckley has been able to stay with such a small selection of stocks, without changing his position, for so long. Actuyally, I think it's easier sticking to a small selection of stocks than a large selection. In a large selection, we're bound to have some whose fundamentals justify an investing exit. With too many stocks, we're bound to understand some less than others. Those we understand less will likely be exited on the first or second whimper of a potential problem. On the other hand, working with a portfolio of 6 to 10 stocks gives us an easier opportunity to understand the underlying fundamentals so profoundly that the short-term red flags don't become so upsetti. We're less likely to confuse a fundamentally sound business model having a couple cracks with an unsound model. Just my way of looking at portfolio management. And I should add that even with that concentration, I don't understand all six really well. I'll never pretend to fuilly understand an organization as complex and rapidly changing as Cisco. Under the guise of being only a carpetologist (now emeritus) I long ago gave up trying. --Mike Buckley

To: John Stichnoth who wrote (25767)	6/3/2000 4:28:00 PM
From: mmbw	Respond to of 54805

John, your question about did I have any indication that the past weeks run up might occur is a good one. Yes I did have a sense that the market was turning. I spend a lot of time reading about investing and trying to understand the new technologies. When it comes to stock choices (most of which are discussed on this thread) there comes a time when decisions need to be made to buy, sell or hold. Generally at that point after my head is full of info I than go inside and listen to my instincts. Some call it gut feeling, others lucky guessing or gambling, or feminine intuition. What ever label you put on it, it is that part of me beyond intellect and reason. While I believe that most investing is logical and systematic and that will pay off in the long haul, there is still a part that is also intuitive. I don't find it hard to stay fully invested most of the time and even when I do sell a position I usually buy back in quickly. Last Fall I waited nearly a month and a half before reentering the market and it was difficult. Again I was lucky and got in near the bottom of the October drop. Generally I am uncomfortable when I am not fully invested. I admire Mike and others (like my Mom) who are LTB&H. Maybe I will get there at some point and turn my attentions back to art. But than again isn't investing an art form? Martha @nowreadingabookonTA.com

To: John Stichnoth who wrote (25767)	6/3/2000 11:03:00 PM
From: tekboy	Read Replies (2) \| Respond to of 54805

<<It's hard to stay fully invested, isn't it?>> for me it's not hard to stay fully invested, but it's hard to do nothing at all (which is usually the best response). For Mike to follow the market as closely as he does and yet make no trades of any kind for such a long time strikes me as remarkable. Sensible, admirable, wise, but above all, remarkable. I could never have done it, and would have lost money as a result. tekboy/Ares@mushyenoughforyou,Frank?.com