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

To: Bruce Brown who wrote (36951)	12/23/2000 6:52:43 AM
From: d	Read Replies (2) \| Respond to of 54805

OT, as not pure GG'ing--- Hi Bruce, RE: Your questions about the Bob Brinker call--- Questions dealing with tax consequences: ANSWER: Not relevant in my specific case, as this is tax-deferred money. Questions as to "How is it going with the QQQ call" ANSWER: This one is going badly, so far. Depending on when one got the newsletter (or the news of his call), if one acted immediately, one bought in the low-mid 80's. I got the call a little late, and made my first buy in the high 70's. I've continued to buy on the way down, having done my most recent buy in the high 50's on Thursday. I'll say 3 things about all this: 1. Nothing/nobody is always right as to timing. I followed this call of Brinker's, and- so far - I am negative on this portion of my investment program. I don't hold Bob accountable for this reduction in worth. 2. Brinker does better on his long-term recs than on his short term ones. I give him great credit for taking me mostly out of the market in Jan. I have stayed mostly out ever since (though I've stayed in my gorillas and a few others); the QQQ investment is only a small part of what I had in the market last year. 3. I didn't answer the query in the spirit of "Look what a great strategy I have." It was more like, "Here's what one (partial) GG'er does besides GG'ing." I'm retired, and I'm not willing to put all my eggs in one basket. (e.g., strategy) As with LTB&H folks, I won't measure the success of this multi-pronged approach in one year, but I'll measure it over several years. Unlike some of the dot-coms, I'm reasonably confident (though nothing is assured) that QQQ will be well above the 80's within a few years, if not a few months. But, whenever Brinker says sell QQQ, I'll probably do so, and hold that money as cash until he calls another counter-trend rally, or until he calls MOABO (Mother of All Buying Opportunities - i.e., the bear market bottom, or near- bottom) When Bob calls MOABO, I'll commit much of my other cash (now in bonds and MM's) too. d PS: Bruce, I've greatly enjoyed, and profited from, your posts over the months. Ditto all the other posters who have given so much to us lurkers on this board. IMO, this is, by far, the best board on all of SI. I would have responded to the "What's your portfolio" survey, but time ran out before I got it done. I'll just say that the GG portion of my portfolio is similar to the average of what was posted. My GG stuff, overall, is down this year, largely because of overinvestment in QCOM. (Which I am holding, of course) I hold no one accountable for the negative performance of my GG portfolio except myself.

To: Bruce Brown who wrote (36951)	12/23/2000 9:10:56 AM
From: Larry Grzemkowski	Respond to of 54805

Hi BB You said I don't know when his call was, but I was somewhat aware of it simply because my brother-in-law follows Brinker. I would be curious as to when the exact date of his suggestion to sell the QQQ was. What price was the QQQ trading at that time? I received BOB's special letter to buy QQQ on 10/16. The letter said to buy immediately. I was about 60% cash at the time so I placed a market order to buy with 30% of my cash and the price I got was 83-1/8, the next day (10/17). Those are the facts. Now in later shows BOB talked about buying in the mid to low 70's but the special letter did not say that. I could tell it was a poor call so on 11/1 I sold 1/2 my position at 82-1/2. I continue to hold the other half in a nontaxable account and have been buying down to the bottom in an AIM account. My cost basis in that account is 74, which is where BOB thought would be a good entry point after the fact (special letter). Hope this helps. Larry G