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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (12893)8/1/2001 4:25:55 PM
From: Paul Senior   of 78717
 
I'll add a little more to FAF on its good news. And start a position in KLM on its bad news.

finance.yahoo.com

Should be room for profit continuance with FAF. Now if investors haven't already anticipated all that and already priced it into the stock, then the stock might move up as good earnings reports (I hope) continue.

Airline stocks from what I'm looking at, are all suffering.
Lots of problems at KLM. Still KLM dominate Schiphol in Amersterdam, and they seem to have enough financial and managerial resources to muddle through. I say the stock will recover. 'Course I've been saying that with the other airline stocks I hold, and they haven't. (recovered)

About patience: For some reason I just do not seem to have patience to comfortably hold downtrodden stocks in certain areas. That'd be consulting companies or some areas of tech like telecom. OTOH, there are some areas I seem comfortable with. Like airline stocks. I'll guess there's nobody (including me) who considers airline stocks good long term investments (Southwest being the possible exception stock). Rightly or wrongly though, I seem to be okay so far holding on for what I assume will be an inevitable upturn. Perhaps that's wrongly tying up funds; on the other hand, airline stocks are very low, and sometimes it's better to be in stocks that go nowhere than to have stocks that are bought which subsequently drop significantly.

jmo.

Paul.
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