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


To: DlphcOracl who wrote (28547)7/22/2000 9:31:59 PM
From: Uncle Frank  Respond to of 54805
 
>> I would hardly classify myself as a trader... Rather than wait for QCOM to achieve Tornado levels, I would prefer to put that money in stocks whose products already have wide acceptance, with ever-growing profits and market share.

Not to be argumentative, OD, but your own words contradict your characterization of your investment style. Your plan to stay out of qcom until it starts to become popular again, is straight forward momentum investing, and quoting from page 16 of the fm,

It (Gorilla gaming) is not momentum investing. This philosophy also can look like the gorilla game because both approaches advocate buying into a category as it enters its hypergrowth phase... Momentum investing is a high-risk, high-reward game. It takes a "follow the herd" approach in a highly volatile marketplace, with the intent of detaching itself from the herd just at the moment that everyone else runs off a cliff. This is dicey work at best. The gorilla game, by contrast, carves out of the momentum idea the one reasonably safe play.


I've seen momentum investing work very well for nimble traders, and I'm not trying to modify your approach. I'd appreciate it if you would return the favor. We both know there's more than one way to skin a cat*.

uf

* Sorry, tekgirl.