Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Uncle Frank who wrote (1149)	4/6/1999 6:51:00 PM
From: LTK007	Respond to of 54805

Frank when you say<<they are the last to go down in any correction and the first to recover, so the chance to buy them at bargain prices is rare. October 1998 was the best opportunity to do so in recent times. >> you are quite correct,and it is,on my part a roughly 50/50 chance I will get an October type correction,but if it comes I will be armed and ready-- but right now,let's say I buy a major position in AOL(for me that is) and a correction comes out of the blue,it would hurt too much. I am now just beginning to approach this problem with leaps and other ideas--but I surely want these stocks--they have at least another decade in their tanks.Good Luck,Max90

To: Uncle Frank who wrote (1149)	4/6/1999 7:22:00 PM
From: Tony Viola	Read Replies (2) \| Respond to of 54805

Frank, >>my whole strategy for buying the Gorrillas is to buy them at the bottom of what I believe will be huge correction... Maybe he is alluding to a big correction that might take place for fear of the "Y2K nuclear winter." I don't think the Y2K problem will be that big of a deal, but what I do fear is the self fulfilling prophecy phenomenon getting to the stock market. Get enough people talking about something and it might just happen (like I am right now, shut up!). Now, why is it that G's and K's hold up better? Compared to the S&P500 (Schwab 1000 to represent below), they don't. Three gorillas got hit more than it did last Oct.. Intel still a gorilla (how quickly they forget), Microsoft and Cisco. Anyway, the big guys do recover a lot faster. quicken.excite.com Tony