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Pastimes : G&K Investing for Curmudgeons -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (5926)	9/7/2000 10:28:48 AM
From: Eric L	Read Replies (1) \| Respond to of 22706

UF, << Why, Eric, you're a MOMO! >> I too have an Evil Twin. DOJ brought out the worst in him. << Do you ever talk about your trades that didn't do well, or are you batting 1000? >> As a result of participating in this thread, my batting average is pretty darned good. Seldom do anything (temporarily parking the MSFT where I did an exception) that is not LTB&H (although I reserve the right to change my mind as I do ongoing DD). I am also into portfolio balance which is why the JDSU addition was only temporary (brought JDSU to 25% of port. I have adhered to a personal rule of having no more than 20% in any single equity at year end, for years. My worst mistake this year was breaking my own rule. End of year QCOM was 46%, and I only took it down 25% on 12/31. I waited till March/April to reduce it another 25%, not bad, but, coulda done better if the Evil Twin hadn't made me break my own rule. Like everybody, well everybody but Merlin, I have chased a shiny pebble or two, but dumped those in favor of gorillas and kings, and fortunately have escaped unscathed. As it relates to MSFT, I think we all had to think about that "contained gorilla", and I scrambled together an exit strategy. I pulled the trigger, coming and going, darned near as fast as Lindy would do. - Eric -

To: Uncle Frank who wrote (5926)	9/7/2000 11:01:57 AM
From: Eric L	Respond to of 22706

cuf, << your trades that didn't do well >> My last truly awesome bad investment was Molten Metal Technology (MLTN). I bought around Labor Day 1997 before it melted down in a late November 1997 Chapter 11. Met your buddy on that thread here on SI. Message 13593127 The same golfing buddy I mentioned in that post is now saying "don't even do DD" (which he never says) "just buy Medtronic" (MDT), which is when I remind him that MDT has a trading symbol that is too close for comfort to MLTN. Learned several lessons from that short and sweet "molten" experience. - Eric -