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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (16202)	1/20/2003 12:01:39 PM
From: Paul Senior	Read Replies (1) of 78688

I'm with you on this, jeffrey bash. Another interesting aspect for me is the sell point. If a $10 stock with the potential of quadrupling drops 25% where its then bought (@$7.5) then comes back up, especially if its quickly, to $10, it's my opinion too many people say: 1. That's a 33% gain (7.5 to 10.). Annualized maybe well over 100%. 2. Can't get hurt taking a profit. 3. We're going to war - or something. Best to step aside and see what develops. Don't hold stocks if you don't have to. 4. There's always another day. Stock might drop back to 8. It's my opinion, that this outlook leads too many people to take small gains ... 2-4 points... and they leave the next 30 points on the table. Of course, the $10 stock has got to actually get to $40. Such cases are rare. But they do occur. We've got at least several on this thread that fit your criteria (down 25% but then up 3-4x). You read little about those moves though from posters. Which leads me to agree with you that it does sound "as if this approach is foreign to folks posting here". Or maybe these value investors are too self-effacing to mention their continued involvement with these performers.

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