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: freeus who wrote (29391)	8/4/2000 2:35:51 PM
From: TigerPaw	Respond to of 54805

portfolio is down by over 50%. True, but it may just be that it hasn't been held long enough yet. I rode 500 shares of Qcom up up up and down down down and it's still below the purchase price, I'm still holding. My current favorite stock EMC I bought at 127 and it promptly went down to $80 not to see it's old price again for 6 months or more (It's now an adjusted $330). The point is the first word in Long term is long. I sure wish I was better at timing, but in the long term it comes out okay. I've mentioned before that I think the secret to long term holding is to have a second account where you can trade. It fills most of my need for "action". In the mean time my boring old long term stocks sit with a broker who charges outrageous commissions and gives bad advice so I don't feel like calling him very often. TP (Who does not always take his own advice, and is still smarting from some get rich quick schemes earlier in the year).

To: freeus who wrote (29391)	8/4/2000 2:39:48 PM
From: Thomas Mercer-Hursh	Respond to of 54805

If you held only qcom and you bought it above 150, your portfolio is down by over 50%. I call that "almost wiped out"; Only if you bought on margin or you were otherwise needing to sell right now. If this is a LTB&H portfolio, then intrinsic to the GG you should expect substantial volitility and this is simply the down side of that volitility. Sure, it is a bit scary if you look too short term, but if you decide to hold only one stock and that one high tech, you have to expect dramatic volatility. If you want to make it a bit less drastic, spread it around a little. I certainly haven't made it to my "made enough" point yet and I am certainly happier on the days I see an uptick than when I see a downtick, but I'm sure not about to argue with the long term pattern.