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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (13482)10/15/1999 1:39:00 PM
From: Joe Smith  Read Replies (1) of 57584
 
>>Still holding UIS. . .could sting a little if it doesn't bounce.<<

MArket conditions are kind of bad for bounce. Similar to action with BBY last month. You helped me have the patience to stick that one out. When it went into the 60's, the fact that I bought a couple of points above the bottom really didn't matter anymore.

It's amazing what a proportion of my gains have come from buying big, well-run companies that have been given a haircut. It's funny too because I never think of myself as a value investor. Examples: ORCL, ATHM, BBY, GBLX. They don't seem to bounce back as fast. IT's frustrating how long they seem to tread water, but when they start swimming again they have so much momentum from their size. Sometimes it takes the patience that William has with the microcaps. Also the downside is relatively small.
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