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

To: ratan lal who wrote (26962)	6/28/2000 4:33:00 AM
From: tekboy	Read Replies (2) \| Respond to of 54805

<<I guess my timing to stop trading and start LTB&H was'nt very auspicious.>> IMHO, that's precisely what the problem is. For example, take QCOM and GMST. How long was Q above 180--less than 24 hrs? and GMST above 90--what was that, a week tops? You just picked the absolute short-term top to start your new strategy, followed immediately by a disastrous rapid plunge. The bad news is, there's nothing you can do about it now. The good news is, if you bought those companies for the right reasons, you should still believe because the stories haven't materially changed for the worse at all. So you just have to be patient and hang on. I realize--believe me!--how maddening that sounds, but I truly believe that within a few months or--at most!--a few quarters you'll be well ahead. tekboy/Ares@BWTFDIK.com PS and, um, could you let us know next time you're gonna start establishing a position in something, so we can get ready to short it? thanx much...

To: ratan lal who wrote (26962)	6/28/2000 8:38:00 AM
From: DownSouth	Respond to of 54805

ratan, I know how you feel, buddy. One year from now you will look at your portfolio and say one of the following: 1. "I shoulda held. I can't get back in now, 'cause the prices are too high." 2. "Man, am I glad I stayed the LTBH course. It was hard to do nothing, but I was right." ds@ihopei'mright.org

To: ratan lal who wrote (26962)	6/28/2000 9:23:00 AM
From: Bridge Player	Read Replies (2) \| Respond to of 54805

Does the board still consider QCOM to be a gorilla? Do gorillas ever correct 75% from their price highs after attaining that status? Are there prior examples of that occurring? BP

To: ratan lal who wrote (26962)	6/28/2000 10:25:00 AM
From: areokat	Respond to of 54805

>>I guess my timing to stop trading and start LTB&H was'nt very auspicious.<< Several years from now you may be telling everyone how smart you were to buy the stocks you did, when you did. Over the long term only a few of your stocks will have to out perform the market in order for your whole portfolio to out perform the market. Once a portfolio has a chance to build up a profit cushion it becomes easier to go through the down turns ( I should said a little easier ). And, it is probable that each cycle will see your portfolio bottom at a higher level. If anyone can correctly predict when the market is going to move up and which stocks will lead the way I haven't met them. This is where LTB&H gets its strength, you don't have to make those kinds of predictions. Keep the faith. um, my wife says we should go to the movies too. ak

To: ratan lal who wrote (26962)	6/28/2000 11:47:00 AM
From: Mike Buckley	Respond to of 54805

ratan, Thanks for sharing the more personal emotions you're experiencing with your initial foray into LTB&H. Not many people have the class to do that. I'm sure there are many, many more participants and lurkers glad to know that they aren't alone as they endure the same emotions. Now that you've explained what is going through your mind and probably the minds of many, maybe we can help. I'll try and ask that others also pipe in. Bought QCOM at 182. It started going down. Didint bother me since I fully expected it to go up again and soon. The dyed-in-the-wool LTB&Her doesn't try to predict when things will happen. They don't need to because time is on their side. Any expectation about what will happen soon will likely lead only to anxiety. If the stock goes down, you get anxious about how low it will go. If it goes up, you get anxious about how high it will go and whether or not it will stay there. Try to forget the short-term stuff. Everything you and I read about Qualcomm references decades, not days, weeks, months or years. Once you get into that mold, you'll no longer have any expectations about the short term and, as a result, you won't have any angst about it either. Consider your own example: At the same time I also bought GMST at 90 and more at 72. Same story. Awaiting aquisition of TV guide. I would advise you, Frank, tekboy and everyone not to have any expectations about the stock price relative to news of the merger. If the market sends the price through the roof in reaction to positive news, it's almost as likely that it will eventually send the price in a similar overreaction beneath the basement. Much more important is that Gemstar, with or without the merger, has a tremendous long-term potential. If that potential comes only halfway to fruition over the coming decades, my thinking is that it will outperform the market by a very wide margin. So don't sweat anything so soon as the merger this summer, specific points of progress next year, or anything the year after that. Think very, very long term. Even if you do have a debacle as happened to me with the slowing adoption rate of Citrix, you can still significantly outperform the market over a span of atleast several years as Citrix has done. Make sense? Hope it helps. --Mike Buckley

To: ratan lal who wrote (26962)	6/28/2000 8:20:00 PM
From: richardmacintyre	Respond to of 54805

Ratan, Wasn't a trader but made similar buys on similar stocks at similar prices. Sold my house and just HAD to get in right away despite spousal advice as my first read of the manual convinced me that gorillas were never overpriced. Learned lots from this thread. LTB&H seems like a strategy with more discipline than I had when I started (discipline for me would have meant combining and AIM strategy with my G&KW&W's and that would have worked out well!) Am still down about 20-some percent but I'm learning more and will make fewer mistakes in the LT (and fewer $ in the ST at least). Richard