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

To: TigerPaw who wrote (47161)	9/27/2001 3:12:17 AM
From: chaz	Read Replies (5) \| Respond to of 54805

Hi TP-- A lot of us have done a lot of "drifting down." Basically the thread is populated with ever hopeful bulls, so we keep our keepers until they're not anymore. I've lost money in so many ways it's impossible to keep track. What's worse is that the only money I've actually made in the past few months has been with short positions, but it's been no way like the money made on the way up. I have wondered...has this thread been so bullish that we wouldn't have entertained the notion of a coming decline, even if someone had presented it to us in a creditable manner???? IOW, have we learned anything? I'm not sure I have, because I sure didn't see it coming, and I wouldn't have known where to look (for signs of it coming) anyway. I have no problem with the notion of the GG, but capital preservation seems not to be what we talk about here. I am bothered by that, because the whole idea of playing the GG is to make money. Later losing it shouldn't be part of the fun. I really do feel we ought to have some sort of plausible exit strategy to preserve our winnings. Heck, even I know when to take my chips off the tables in Vegas, why not here as well? Some here used the tax penalty as a reason for holding pat, but in retrospect, that was a way to give back senselessly that which our brains had captured. I'd have happily paid the tax. Getting out would have been only part of the preservation equation. Staying out, which I didn't do, would have been the real key. There must have been a few people who read this correctly...got out...stayed out. What did they know and how did they know it? If we could learn that, then this would be worth preserving for the next time. And, there will be a next time. Chaz