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

To: Joshua Corbin who wrote (35441)	11/27/2000 10:14:41 PM
From: Jason W	Respond to of 54805

On this list I see lots of people talking about margin, options and market timing. I don't see anybody talking about going to BuyandHold.com or Sharebuilder to open dollar cost averaging accounts. The people who are holding seem to be people who already have substantial capital gains. I've gotten my ass kicked royally this year. I'd love to discuss this topic, but have'nt found it to be open to discussion here. I save each and every week religiously. Some money goes into my daughter's college account, some into our personal savings, and another percentage into my SIMPLE IRA account. When the dollar amount reaches X, I invest in whatever stock I feel is the "best" at that time. For example, my daughter recently purchased GLW at 85 a few months back, a "bargain". She just bought NTAP also, paying $78. I've caught so many knives this year, its amazing I'm still alive. However, as MB said today, when the market is THIS crappy, this is the BEST time to stick to your religious buying schedule. That is EXACTLY what I am doing. Believe it or not, when the market behaves like this, I hope it stays down a few more weeks each time so my money can make it to the brokerage, allowing me to catch another knife, I mean, buy another bargain! Even when my positions get under water almost instantly, it feels good to know that I've purchased another ticket to the game, so to speak. And when the markets come back, I'll be there waiting, with more ammo than before. Being under 30 (having time), not needing the money any time soon, and believing in the market long term, are all great advantages. Jason

To: Joshua Corbin who wrote (35441)	11/27/2000 10:22:39 PM
From: Uncle Frank	Respond to of 54805

>> While we all recognize that this is better than 99% of all stock boards... What an incredible compliment. It far exceeds any expectations we had when we started this board. >> ...this isn't paradise. From my understanding of the bible, even Paradise wasn't paradise. >> Is this investing for the long term or just another brand of speculation? That's up to each individual, Joshua. The only common denominators on this thread are a grounding in the Gorilla Game and a commitment to polite discourse. uf

To: Joshua Corbin who wrote (35441)	11/27/2000 10:29:11 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Joshua, A personal thanks for your cogent thinking about stuff you've seen in the thread. I promise not to rant. :) Just the opposite, I hope your comments cause some people to sit up and think. I hope you don't mind if I comment about each of your good points. -- The QQQ as a substitute for the broker's money market sweep. I don't remember seeing that but I agree with you that QQQ shouldn't be used in that role. -- LEAPs as long-term investments. Hallelujia! I'm not the only one who thinks they aren't long-term investments. (I do own LEAPS in Qualcomm but wish they were available in terms at least as long as five years.) -- The claim that "Gorilla stocks are the only sure things." Bruce especially likes to point out that even the manual mistakenly sez they have had the best returns on the planet. And I also don't like the claim you mention. They tend to be superior investments so long as their CAP remains in place, but the difficult part is determining when it ends and what it's fair value is. -- People jumping to buy stocks as if Project Hunt was the gold standard. The people who do that generally don't do their own due diligence. They subject themselves to greater risk in the process. However, I do believe that many of the Project Hunt reports are superior to almost all of the analysts' reports and media write-ups I see. In that sense, the reports often are the standard to which other writers should aspire. But as you mention, people shouldn't buy a stock on the basis of a Project Hunt report or any report. -- People fussing and fuming because they didn't sell QCOM at 200 - or buy it all back at 55. Yeah, well, people are sometimes fragile and vulnerable. I sympathize with them despite that I think the solution to their problems is to simply buy and hold while the CAP remains in place. -- That TFM/TRFM is the best investing manual for utter newbies. It might be one of the worst. A lot of people I respect greatly who have been investing for a long time never get past the first several chapters because they have a hard time dealing with the realm of technology. My vote for the best newbie manual goes to the Motley Fool Investment Guide. -- Unprofitable companies as Gorilla candidates. People buying those simply aren't playing the strict Gorilla Game intended for risk-averse people with limited financial resources. There will always be variations on the game, and I allow people to take on those added risks if that's their choice. The reason I took the time to embellish on each of your points is because I belive they deserve special attention. Thanks for sharing them with us. --Mike Buckley

To: Joshua Corbin who wrote (35441)	11/27/2000 10:49:58 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Joshua, I forgot to mention something. The people who are holding seem to be those who already have substantial capital gains. The greatest capital gains generally come from long-term holding. Holding is more often than not the precurser to huge gapital gains, not the other way around. --Mike Buckley

To: Joshua Corbin who wrote (35441)	11/27/2000 11:27:05 PM
From: tekboy	Respond to of 54805

this isn't paradise JMHO, but I thing UF and MB have been too gentle with you. It is a testament to the community here that everyone has responded to Apollo's second question with unsparing frankness, opening themselves up in the process to jibes from all and sundry. Piling on when people are down is not a particularly classy act, and you and Mr. Senior have salted the wounds of others rather freely. Not paradise? No $hit, Sherlock, and guess what, that guy in the red and white suit whose lap you're sitting on doesn't live with elves. The thread may not be perfect, but given the target audience, it's as honest and supportive an environment as one could hope for, and infinitely more sensible and informed than the vast majority of investing resources out there. SI members are rarely total novices. Despite significant cross-pollination, this is not an outpost of the Fool, and has never tried to be (although the thread FAQ is Foolish indeed). What Frank and the others have created here instead is sort of a one-room school house for high school through graduate school, where intermediate to advanced tech investors can swap ideas and experiences and fine-tune one particular strategy they have found extremely useful. "On this thread I see plenty of talk about margin, options and market timing." Like where? Margin users are generally chastened, options users are generally mocked, and market timers are generally shown the door with more or less politesse. "People fussing and fuming because they didn't sell QCOM at 200 - or buy it all back at 55." Your spare profile says that you joined SI in February. (Mr. Senior, he who questions the reality of the team spirit here, unsurprisingly has no profile at all.) So perhaps you weren't in Q before the run. If not, then it may be hard to recapture the excitement and headiness of those bygone days, and how people got a bit addled, and how passionate the triumph and bitter the fall really was (and how glorious the resurrection is and will continue to be). Anyway, I'd cut some slack for the real Qtips, because they're a special breed. "LEAPs as long-term investments." This is a topic that has been debated at length a number of times, with one of the most respected of thread members (if you ignore Citrus) consistently pointing out his disagreement. Moreover, just what long-term means in the tech world is a valid question, given the rapidity of the TALC these days, and it can be argued that 30 months might qualify. "People jumping to buy stocks as if Project Hunt was the gold standard." Well, on average they're more informed than practically all articles in the financial press and more sincere than practically all broker's reports. So as a start for one's own DD, I'd say they look pretty good to me. And where else would you find people putting vast amounts of work into such projects and freely admitting that their objects of attention didn't clear the top bar? I wish we had a lot more Hunt Reports, actually--one on a formerly hot SCM company comes to mind in particular--and I'd like to see your own efforts put forward for thread dissection. Those who bought did so at their own risk; some have profited and some haven't, and all have learned in the process. Anyway, no point in belaboring the issue, and I probably shouldn't be so defensive because the thread is full of big boys and girls. But after reading every single post here along with several tens of thousands elsewhere, on top of thousands of pages of non-E books, the feelings I have for the thread and its denizens are above all else respect and gratitude. tekboy/Ares@R-E-S-P-E-C-Tfindoutwhatitmeanstome.com

To: Joshua Corbin who wrote (35441)	11/27/2000 11:31:42 PM
From: kumar	Respond to of 54805

-- That TFM/TRFM is the best investing manual for utter newbies. I personally do not recollect seeing any post supporting the view u state, in the brief time I have been a part of this board. If u have evidence to back up your claim, would u mind posting a URL for us to review ? cheers, kumar