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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (8256)9/14/1999 11:08:00 PM
From: Paul Senior  Read Replies (1) of 78822
 
Armin, I can't let those NITE sentences go by me -g-

"I would appreciate your thoughts on NITE if you have any. It is the one stock that is hurting me right now. The consistent downward trend has me mystified."

I suppose value investors would be mystified why you wouldn't be surprised in experiencing some tumultuousness, given that NITE's stock is selling at 6x sales and in a wild range of 2 to 82 (now 34) and 33x earnings and it's being a NASDAQ market maker too.

It's that you ask the wrong question, imo. You should be asking why are all my other stocks doing okay? Because if none of your other stocks are hurting you now, my opinion is you are too concentrated either in industry or number of positions, or your style is very momentum correlated.

Well, that's my opinion anyway. Although for me, that must mean I'm doing the right thing since I'm hurting in so many places. -g-. Lol.

Paul
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