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

To: Mike Buckley who wrote (35983)	12/5/2000 5:07:19 PM
From: BirdDog	Respond to of 54805

...(today) my portfolio advanced the most in terms of percentage of increase than it has ever advanced in one day.... Congratulations to everyone on today's rally. I made 23.7% (also a one day gain record for me)... Would like to hear from others...just cause it feels good. I haven't wandered off what's really important, and don't think you all have either. BirdDog

To: Mike Buckley who wrote (35983)	12/5/2000 6:44:40 PM
From: Eric L	Respond to of 54805

Mike, Re: QCOM - Gorilla Gaming - "Telecosm" - Bears & "Alternative Investing Theories", Good Riddance << my portfolio advanced the most in terms of percentage of increase than it has ever advanced in one day >> Likewise. Second highest day for total +$ as well. This with 12 equities and pretty reasonable balance. Certainly not a day I would want to be out of the market to be sure. Nasdaq (opened) and closed below 3000 for the first time this year, on 11/13 when it became clear that we were in for some extended uncertainty regarding the election. Fear and panic that accompany uncertainty or crisis ...the principle causes of a Bear, set in. Many investors I know went all cash or close to all cash. The self fulfilling prophecy of '29'. I do not for one minute think that this Tech Bear is over. Despite that this is one day I would not want to have been out of the market. I want to comment, relative to this, on one stock in my portfolio, that is widely held here. That stock is QUALCOMM. At the conclusion of 1999 it was 46% of my portfolio and I whacked it to 36% and invested the proceeds in SEBL & NTAP. In April and May I whacked it to 20% (where I shoulda whacked it to on 12/31). With some assistance from Marc Cabi and Ed Snyder QUALCOMM proceeded to whack itself to < 10% of my portfolio. At close of market today it is 18.7%, close to where I would like it to be. On 11/10 close when the Tech Bear (over the weekend) turned into a Tech crash, QUALCOMM closed at 74. It closed today at a whisker shy of 100. It is up 35% in that short period of time, and is looking very positive going forward. Wireless stocks were red hot last year. They have been ice cold this year. We are in the "Telecosm". Wireless will not be down for long (by LtB&H standards). Nokia (the worlds most widely recognized wireless "brand"), arguably a King of handsets and a most Noble prince of wireless, closed up 8% YTD today (while the Nasdaq is at -29%). For the life of me, I can not imagine how individuals that "timed out" of the market at or below Nasdaq 3000, expect to "time back in" whole". << my binoculars are clearly focused on decades from now, not this week >> I'm a tad older. I can't focus that far. The 20/20 vision I had at age 40 is a little blurrier. We have been through what George Gilder aptly called the "Microcosm" and we are living the "Telecosm" (well most of us are - some people don't have data enabled mobile phones yet). I don't know what the next decade will bring, either technology wise or investment wise. I do however think that I am well focused on at least the next 5 to 10 years. Bear markets tend to bring Bears out of hibernation. We have had 4 or 5 of then make multiple posts on this thread in the last few weeks asking us to consider discussion of alternative investing theories. I have passively ignored them. My patience, however, is running a little thin. This thread is about LtB&H investing in a Tech Stocks that qualify for discussion under a specific set of criteria. I see no reason for prolonged discussion with ANYONE that is not interested in what this thread has set out to do, and wants to deviate the discussion. * OT * Heck of a Gorilla & King Day! * EOT * - Eric -