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

To: Stoctrash who wrote (34186)	11/2/2000 9:32:11 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> it's called money management a neat little fact the GG book left out. Fred, periodic forays into cash don't preserve capital, they just help reduce the national debt. If you want to see an effective capital preservation program, spend some time reviewing the Gorilla and King Portfolio. >> Some of you here are realizing this part of the "game" first hand with a sour stomach and all. BS. Most of us have been investing for decades and have had intimate experience with bull and bear markets. Check out the trader's threads and see if they are giddy with joy because they are in cash. I think the gorilla gang has come through the incredible volatility of '00 with the best attitude and less damaged than any group on SI. >> I don't care what the book says Have you bothered to read it? You might find it superior to relying on your PSTOP trading system if you invested the time. >> Kudos to Mtnlady That's the only sentiment in your post that we agree on. uf

To: Stoctrash who wrote (34186)	11/2/2000 10:43:43 AM
From: StockHawk	Read Replies (1) \| Respond to of 54805

>>.it's called money management a neat little fact the GG book left out. << No, the book did not leave that out. Rather, it held to the idea that a long term buy and hold strategy outperforms a short term buy and sell strategy. Big drops in price are seen not as an indication to sell to preserve capital, but as an opportunity to buy to enhance future wealth. Does that mean it is impossible over any particular period of time to beat a LTB&H strategy? Of course not. And it does not mean that anyone following the book is guaranteed never to lose money. There are what - 5000 threads on SI that do not try to follow a LTB&H strategy or any particular book's ideas. This thread is following a set of guidelines, and this bear market, rather than being a rude awakening has served as a confirmation of the validity of the strategy for those who have been following it diligently for quite some time now. When stocks are generally falling it is human nature to think that trading in and out can beat a strategy of holding. Just like when stocks are generally moving up strongly it is human nature to think that any stock at all, even a hair-brain money-losing concept, can make one rich. The point is that these short term signals are usually wrong. But I'm not suggesting that you, or anyone else, change philosophies. If you are comfortable and successful doing what you are doing, that's great. Keep it up. Most here who are comfortable following a manual called the Gorilla Game will do the same. StockHawk

To: Stoctrash who wrote (34186)	11/2/2000 12:10:22 PM
From: 100cfm	Read Replies (3) \| Respond to of 54805

Just to add my 2 cents as someone who has himself and his entire family 100% in G&K stocks and has played the GG 100% except for a few forays into options. I have come to the conclusion that LTB&H is great during bull markets and that cashing out or buying and selling is great in Bear markets. So now if you can forecast when a bear market is going to hit then you can cash out prior, nothing wrong with that. If you get caught in the Bear and you are very talented you can trade the ups and downs, nothing wrong with that either. If you can do either of the above you are an unique individual and have no need of the GG. However if you are like most of us then you need to ask yourself yourself how many years of bear markets have there been vs bull market and which one has won out over the history of the market, obviously the bull. So as a final comment I feel the LTB&H approach was great last year and it sucks this year especially if you were heavy in Q as was I, but this will be one bad year as compared to hopefully many many great years down the road. Speaking of Q it has been acting more like a chump this year then a Gorilla and I feel alot is on the line today, even it's Gorillaship in my mind.

To: Stoctrash who wrote (34186)	11/2/2000 4:39:34 PM
From: DownSouth	Read Replies (2) \| Respond to of 54805

FredE, UF, Stockhawk, and Century Man pretty much said it all, as far as responding to your "cash management" post. Of course, if you have a crystal ball that gives you timing to buy and sell at the right times, that's great. But looking in the rearview mirror does not teach lessons. Buying gorillas (and Kings), keeping up the dd, and holding through the bad times is the strategy to me. What you are preaching is not a strategy--it is a tactic. I am pretty happy with where I am today, portfolio wise. The decline in Q was painful, buy some of my other stocks have done very well because they are gorillas and kings. When the market heads back up, and/or it will, and when the value of Q is realized, I'll be back to new highs. I see that Sir Dance a lot is back in the fold and Chaz is wandering from the fold. He'll be back, I'll betcha <g>.