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

To: Uncle Frank who wrote (35762)	11/30/2000 9:36:09 PM
From: tekboy	Read Replies (2) \| Respond to of 54805

nice point, nicely put. BTW, did everyone see that SI and its declining post numbers made the front page of an inner section of the WSJ today? The gist of the piece was that traders have apparently abandoned SI for places like Yahoo and Raging Bull, not least because SI doesn't allow various forms of pump-and-dump. What I was amused by in the piece was the notion that the only people who posted on message boards were traders, and that only quantity, not quality, of posting was what mattered. So Tokyo Joe's absence from SI, for example, was seen as a big loss rather than a big gain. tekboy/Ares@likeourcompaniesthesedays,wegetnorespect.com

To: Uncle Frank who wrote (35762)	11/30/2000 9:38:06 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

I'd like to add to Frank's great comments. [Maintaining a cash position] presumes you can identify a bargain (bottom) and profit from it, which is the cherished belief of all market timers. I don't have the exact figures in front of me, but if you were not in the market the few days the S&P 500 moved the most during the last 30 or so years, you would be showing no profit. If I remember correctly the number of days was less than 10% of the time. Is it possible to know which 10% of the time it was CRITICAL to be in the market? I don't think so. In my mind, the solution to that dilemma for people with incomes is to stay fully invested, spend less than you earn, and invest the savings as it is gradually accumulated. By spending less than you make you will have cash to take advantage of market opportunities. --Mike Buckley

To: Uncle Frank who wrote (35762)	12/1/2000 9:39:44 AM
From: substancep	Read Replies (1) \| Respond to of 54805

Hi Uncle Frank. >>Mr. Market has given you precious little in the way of positive feedback (returns) to support your new beliefs. I'm afraid all you can do at the moment is use intellectual reasoning and anecdotal evidence from longer term hunters to support your decision to Gorilla Game.<< Thanks for understanding. I am a member of the Gorilla Game class of 2000. Started in March. :( However, my perspective is that Mr. Market has given me an extremely valuable and educating first year of experience. Virtually on a daily basis. This may sound twisted but, my time horizon permits it. Frankly, (pun intended;) I wouldn't have it any other way. My view is that it would have been much harder for me to learn and accept Gorilla Gaming principles in previous years. Mr. Market took almost everyone to the moon. Under those conditions I can imagine it's much harder to distinguish Gorillas and Kings from the wannabes. Too much euphoria. There are good reasons why boot camp comes first. Now that I've earned my stripes when do you think Mr. Market will let me out of this mud hole? P