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

To: Mike Buckley who wrote (265)	2/21/1999 11:44:00 AM
From: Uncle Frank	Read Replies (1) \| Respond to of 54805

>> I've come to the conclusion that it's best to buy G&Ks and potential G&Ks on significant dips. That might mean we miss out on some potential spikes in stock prices but sometimes there's nothing quite so good as capital preservation. Mike, There is nothing like buying on a dip, but sometimes it's like trying to catch a falling knife. Of course, there's less of a chance of that happening with G&Ks. One of the most inspirational posters on the Dell thread, Kemble Matter, posted what has become a basic axiom for dellheads, There's never a bad time to buy dell. I agree that long term, it's best to buy ocean frontage property. I have two examples to show different sides of the "buy on a dip" argument: I've been a csco shareholder since mid 1998. In October, I saw all of my profits go down the drain with the tech correction, but bought several hundred more shares of csco at 46 5/8. The immediate rewards were thrilling, and I've realized 106% returns on that buy. In January 97 I made my first buy of a very overpriced Microsoft (per the value investing crowd) at 102 1/4. It immediately lost value, and I was un-thrilled. Today that investment has yielded a 185% return. It doesn't seem to matter... buy a G&K stock at almost any price and you'll be deeeelighted over the long term. Frank