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

To: DlphcOracl who wrote (28602)	7/23/2000 10:41:06 PM
From: kumar	Respond to of 54805

<<If the author is correct, and there is heavy institutional selling for tax-loss reasons, QCOM will become quite a bit cheaper. Although the concept of timing seems to be anathema to this thread, no one likes to see a stock decline 10-30% shortly after purchase.>> (for me) : I dont time, I buy when I have cash to buy with. tax loss/sep 30 this year may be a big deal to some, it aint no deal to me - looking to hold for a very long period... cheers, kumar

To: DlphcOracl who wrote (28602)	7/23/2000 10:59:56 PM
From: Mike Buckley	Read Replies (2) \| Respond to of 54805

no one likes to see a stock decline 10-30% shortly after purchase Are you suggesting that it's possible to buy a stock that doesn't tank that much immediately after I buy it? --Mike Buckley

To: DlphcOracl who wrote (28602)	7/24/2000 12:31:57 AM
From: Thomas Mercer-Hursh	Respond to of 54805

While I do not advocating automatically "selling at the end of the summer" Good thing, in this crowd, as you find yourself in the midst of people who do not buy and sell on momentum or trends, but on fundamentals... long term fundamentals. If there is a dip in QCOM coming, selling on the dip, or even in anticipation of the dip, is is the exact opposite of what any gorilla gamer would do. In case you have missed the theme of this thread, which seems likely, we buy and hold based on a very specific set of fundamental characteristics of the companies in question. We are content, in fact, to pass buy many good short to medium term investments simply because that is not the game we choose to play. If there is a dip coming for QCOM, this is a buying opportunity, not a selling signal. no one likes to see a stock decline 10-30% shortly after purchase. If you fret about day to day or week to week changes, I am sure that this is true. You might notice, however, that among the regulars on this thread, a 70% drop has not caused any change it position. To be sure, those weak in the "faith" are nervous and hoping for reassurance, but, get a clue. If I believe in a company according to GG principles -- not some Shiny Pebble, but an honest-to-goodness gorilla in the making -- then why am I going to be worried about short term fluctuations, which I know to have little to do with the fundamentals of the company in the best of circumstances. If you have read the books, you have not accepted the catechism.