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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (16143)	1/11/2003 12:57:19 PM
From: Spekulatius	Read Replies (1) of 78715

Paul, i do much of the same thing that Don Earl does. In my nontaxable accounts am quick to sell for a profit (20%+) if a stock runs up fast and without news. So i guess this makes me somewhat of a trader. However i am also very value conscious because this allows me to average down when the share price goes down without obvious reason too. This has worked well for a couple of years except this year where I got killed in a couple of value traps (EP, ELN etc). The rationale behind this strategy is to convince your self that there is good value in an investment so one has conviction to average down if warranted, and make a bad trade a long term investment <g> this way. The risk with this strategy is that one may have many small wins and get sucked into big losses, which is exactly what happened with my investments this year <ng>. So I have adjusted my strategy and take a much closer look at the underlying risks of stocks (asbestos, balance sheets etc.) and pass up on many investment that I would have done in less treacherous market.

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