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


To: Trio who wrote (47515)10/5/2001 2:21:22 AM
From: Bruce Brown  Read Replies (1) | Respond to of 54805
 
The returns I mentioned have been over eleven trading days not a single day, thus the one day 5+% rule isn't applicable. However, I do agree it will be interesting to see how it does play out going forward. I might have lucked out and actually purchased a bunch of stuff very near the bottom. The decision to get in was based upon a straightforward contrarian view. I only wish I'd had the guts to get out with the same strategy when the bubble began letting air out.

I didn't assume the gains came in one day, but I was making the reference to the bounce off of the terrorist reaction lows (to date) and that two of those trading days included 5%+ gains for the index. If you bought on the lows, your gains include some of that (unless you are holding Qualcomm). Regardless, those are the kind of gains one should be pleased with and at least consider what followed the other 19 days this year of similar bounces.

BB