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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (50870)	2/12/2013 6:40:00 PM
From: E_K_S	of 78782

Re: New market Highs and strategy for staying w/ value If it makes you "feel" any better, at this level in the market, for every new buy I do, I am selling something. I have sufficient cash reserves and quite a bit in "cash like" equities and bonds that come due in 2-3 years (35% of the portfolio). Therefore, rather than stocking a pile of cash, I am still buying what I consider value buys and/or special situations. I am not letting the simple fact that "the market" is at all times highs stop me from new buys. Also, I am not chasing stocks but letting prices come down to me. So one must be patient. I guess that is what makes a veteran long term investor . . . discipline. FWIW, LNCO is one on my sell list but at slightly higher prices. I am only selling 50% of my position ans those will be my high priced shares w/ a small gain. I think I can find other places to deploy that money which may provide me a better capital gain opportunity. It's hard to hold this one and watch it fall as Oil moves higher now above $95.00/barrel. What is going to happen if/when oil falls back down in the $80.00/barrel range. Will LNCO move higher in price? EKS

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