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

To: StockHawk who wrote (33462)	10/21/2000 12:57:00 AM
From: tinkershaw	Respond to of 54805

That is an interesting statement, and is in line with the Russian Army approach favored by many here. However, if we look at the stocks in your post, and roll the calendar back one year, then putting money in those with the highest relative strength would have seen funds go into QCOM and JDSU, SEBL and then GMST. EMC, NTAP and ITWO had lower relative strength. One thing I have noticed is that times have changes. This is not last year. Last year hihg-relative strength was an almost flawless indicator of whom to buy. This year I have found that a more "value" focused approach has been more effective. It has come as a more feel it out process than any ordained plan on my part. But this has been my observation. Time and time and time again, I have gotten off my duff after proclaiming, "that is it, I'm done making trades for the year, I got what I want" when boom another great stock crashes for no apparent rhyme or reason. It has happened so often that I have had little time to rest. BRCM has done it so often in the last 12 months that I turned it into a ten bagger, then took that and more than doubled it when AMCC crashed over bogus Nortel news. I'm hoping that we get back to that much more easy market because I honestly do have the stocks I want to hold (with the exception of AVNX (I had it in the 70s, but let it go to get more CREE and IRF) and I'd just like to live the easy life and watch these things grow as their business fundamentals dictate. But dang if I couldn't resist making money. All in all I think the best approach varies. I think LTBH in the gorilla methodology works long-term for all. But for those a little more aggressive or who use LTBH and trading on the side, I just think you have to feel out the market. This year's market has been diametrially opposed to last years market. Buying at 52 week highs, for the most part has been disasterous this year, with very few exceptions like NTAP. NTAP is probably as much due to the Gilder effect as anything else. Tinker