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Strategies & Market Trends : Value Investing

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To: Richard Query who wrote (2019)9/29/1997 11:26:00 PM
From: Ploni   of 78667
 
such as WHX which at one point amounted to upwards of 75% of my portfolio

Damn, you're brave! I bought some WHX pfd B at 37, but unfortunately wasn't brave enough to buy the common. When the pfd dropped to 30, I was afraid to buy more, thinking that maybe someone knew something, for example that the company would omit the dividend on the pfd stock. However, it quickly rebounded, and I never learned the reason for the quick dip to 30.

By the way, I'm still holding my pfd B, which is now trading in the 44-46 range. Would you hold onto it for the 8.25% dividend, or sell it for the 20% capital gain?
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