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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (25434)12/3/2006 6:28:47 AM
From: Madharry  Read Replies (1) of 78717
 
I dont know that name but heard and interviw with Winters of Evergreen Fund and he likes CNQ and also holds PPP, which I dont own (yet). I saw that Duke energy is written up in barrons spinning off their ng unit. I also saw that ME which i no longer own is above 20 and reported nice results. Unfortunately being fully invested most of the time it seems that whatever i sell goes up more than whatever i buy at least in the short term.
I still think about that question about holding on to something long enough to make a really big score on it and then I think that unless you think like WEB meaning buy a growth stock at a value price and then hold on for a long time, its hard to do that. As value investors thats what we look for so I know I tend to sell something thats seems fairly priced to buy something that seems underpriced, when I do that I miss out on something that could then become tremendously overvalued based on the parameters used for my initial investment. The extreme case for me of this was buying ICGE at a close to ipo price of $15, looking at the financials and market cap and liquidating the balance of my position in 70 range and then watching it soar in a matter of months to $240 before crashing and ultimately becoming a penny stock. I bought apple in the teens and sold it in the twenties several hundred percent ago. UBB I bought in the low teens and sold in the higher teens after some investment mgr who had recommended it for years announced he had liquidated his position and that there were much better buys on there. Last time I looked it was in the $80s.

There is also an issue of diversification I think its emotionally difficult to keep more than 10% of ones nest egg in
one security unless its something like BRKB. When ICGE became 20% of my portfolio I was on pins and needles so that would certainly be my limit.
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