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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (27374)7/20/2007 10:43:36 PM
From: Paul Senior  Read Replies (1) of 78698
 
Edv.to is already outperforming them in my portfolio. And I've come late to the party. I hope the run continues.

I don't have the expertise that you have from following this stock closely, and I don't have the belief that the stock price will hold gains over it's nav.

I'm not going to get the percentage gains you get. (It's only a small position for me.) And I'm not going to get the dollar gains you are seeing. From my perspective, that's an okay trade off, because I don't have the risk of it either.

If nav continues to grow as you have predicted/expect, and if stock price remains below nav, I'm content to occasionally average up on the stock. Which is what I've been doing.

The way I look at it, it is - or can be or could be - a win-win for both of us (and others here who have bought and are just holding).
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