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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (28055)9/12/2007 11:52:45 AM
From: E_K_S   of 78745
 
Hi Madharry - WON is a very speculative play and would probably not fit in with your new portfolio upgrade strategy. Keep your eye on these global natural resource companies. I own BHP, AAUK, AU & RIO. The problem is that they are trading near their all time highs.

I missed buying more RIO at $36 a few weeks back and it is now trading over $53! It seems like the integrated oils, energy and natural resource companies are still working and when they become under valued, small buys are in order. These are core positions in my portfolio and my original starter positions were acquired more than 20 years ago. They continue to pay good dividends and will do well with a falling dollar.

I do continue to look at different media companies but I have found it is a difficult market to calculate "value". One problem is that changes in technology disrupts future ad revenue estimates. I watch CBS and DIS. I guess I like CBS if it would trade below $25.

I am trying to be very selective on my new buys and prefer to hold cash while I wait. My cash position has increased to 22% of the portfolio up from 15%. As I peel off shares and find no compelling new buys, I suspect my cash holdings will exceed 30%. However, there may be some good opportunities when tax loss selling occurs in the next few months.

Patience and discipline are in order. I am still learning these attributes but find that the portfolio does much better when I follow these rules.

EKS
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