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

To: Thomas Mercer-Hursh who wrote (47180)	9/27/2001 1:06:24 PM
From: chaz	Read Replies (2) \| Respond to of 54805

Thomas-- Even in the wake of the big bubble burst, one could make the argument that long term the only exit strategy we need is when to sell the gorilla because the reasons for owning it have changed. Anything else is market timing. One rather hopes there is some middle ground, but, if you bought 2-3 years ago and held until 2-3 years from now, are you sure that you would feel the same need to jump in and out? 1) unsustainable price level may be what has changed. 2) If I had bought 2-3 years ago and held until 2-3 years from now, I might not feel the need to sell, but I would have missed a wonderful trading opportunity. Chaz

To: Thomas Mercer-Hursh who wrote (47180)	9/28/2001 2:41:26 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 54805

I struggled with this for a while: Even in the wake of the big bubble burst, one could make the argument that long term the only exit strategy we need is when to sell the gorilla because the reasons for owning it have changed. Anything else is market timing. I tried to come up with a list of "market timing" type reasons that people sell that shouldn't have a reciprocal entry into the purchase decision. My creativity was fully taxed and all I could come up with was death. Not counting silly stuff that I felt wouldn't go in either purchase or sale decision (e.g. sunrise, Tarot Cards, goat entrails...). Maybe some examples would help. John