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


To: Bruce Brown who wrote (31895)9/19/2000 6:07:22 PM
From: StockHawk  Read Replies (2) | Respond to of 54805
 
>>I don't play or understand the short term game, so I'm afraid I can't address that issue. I feel more comfortable as a tortoise.<<

Bruce, Thank you for that response, and for the good points you made.

Everyone should invest in a manner that makes them comfortable. I do like the tortoise approach, but I must confess that I delve into many deeds that are somewhat taboo on the G&K. I do play the short term, I do look at TA, I do occasionally trade options, and I even use margin from time to time. I do these things with a small portion of my portfolio. It fills the need to "do something" and it keeps me attentive and in the game. I very rarely post trades, but sometimes I do. I said I was buying NTAP a couple of months ago when it seemed to break out of a "cup and handle base" and Lindy noted that his coffee cup also had a broken handle. And several weeks ago I made a few posts on SNDK when it appeared that it was going to jump out of the $50-60 range.

Of course, if you are going to buy things - and you do not have unlimited funds - you also have to sell things. So I've been taking my profits in SNDK and redeploying them into QCOM, and yesterday I sold a bit of JDSU, which will likely also end up in QCOM, or perhaps GMST. Might be my own twist on the Russian Army redeployment strategy. But, believe me, I have not lost faith in JDSU. If I did I would sell it all, not just 10%. I consider moves like that a bet with myself where I can not lose. If it continues down I console myself by saying, see how smart I am I took some money off the table. And if it goes up, my 90% goes up with it. Nothing will make me happier than seeing JDSU at $200. Well, maybe seeing QCOM at $200 might.

StockHawk



To: Bruce Brown who wrote (31895)9/20/2000 12:19:42 AM
From: tekboy  Read Replies (2) | Respond to of 54805
 
hey, being a tortoise ain't too shabby, if you're munching on the right kind of lettuce...

Message 14406674

tekboy/Ares@nexttime,couldyatellusaboutQ'soverextensioninrealtimenot9moslater?.com