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

To: mauser96 who wrote (2389)	6/1/1999 12:51:00 PM
From: LindyBill	Read Replies (2) \| Respond to of 54805

Yeah, Lucias, I never have bought the theory that you have to buy in 4 or 5 sectors. That, to me, is the way to lose money by not knowing enough. I find it tough enough to keep up with tech, without learning the others. KNBC had a forum last nite that was knocking boards like SI because we would get fooled by con men touting stocks. The people that were spouting this view were working for Brokers that are trying to dump their IPO paper on us. It is very easy to spot a con on these boards, as we all know. I think the brokers just don't like what is happening here. Well, the G&K board is red today. I guess we will have to "take a licking and keep on ticking!"

To: mauser96 who wrote (2389)	6/1/1999 2:28:00 PM
From: Tlac	Read Replies (2) \| Respond to of 54805

Sometimes the stock market prices are discontinuous- on sufficiently bad news a stock can go directly from 40 to 20, with no way to sell between the two prices. This is one of the prime reasons for diversification at least between companies Lucius, My feeling is that it is not diversification of one's portfolio that will protect against permanent drops of this magnitude, but rather, concentration in Gorilla stocks, i.e. ones which, by definition, will not endure such a decline for very long. Lest we forget, "Diversifcation is a hedge against ignorance." WB Kelly