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

To: tekboy who wrote (43743)	6/21/2001 6:51:17 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 54805

Firstly, congrats cool post of the day. Looks like this little discussion of ours is at least stimulating thought. Which is the purpose. A few points. CC. Woah. Careful I'm not assuming UF's position is underwater and needs nursing. All I said is maybe a cc strategy will nurse positions back to profitability. Which means exactly what it says. I'm a face value kind of guy. When it rains there are clouds in the sky. Does not mean I think that it rains whenever it is cloudy. As to timing? The same thing can be said about software design - according to the best research available it's awfully difficult to write bug free code. But I've been and met and managed folks who can constantly churn out copious quantities of space shuttle quality stuff. Back to the weather: not everyone who has an opinion about the weather is right. That doesn't mean there aren't folks who can call it pretty well. Meteorologists. They use tools too. Kind of silly if you ask me to say "your weather tool doesn't work (although I've never tried it myself and don't understand why it might work) because my friend (who might have used something similar) can't accurately predict the weather". If we take NASD 1600 out of the picture as an assumed right place to get back in (I suggest we might test it again), at least you are debating with someone who met the first two criteria. Anyway, the point is somewhat abstract and theoretical. I do agree that it is nearly impossible to pinpoint a market top. Or bottom. Which isn't the point. The point is to have a mechanism that tells you whether it's possible to determine a fair price for a SPECIFIC equity and buy or not. This fair price will move with the market. If it should ever happen that a lot of your stocks line up as "over priced"... well you can go buy more if you like. Be my guest. I just happen to think this is being less than clever. John.