Paul,
>But my view is very much different from your perception,
>Jurgis, that "everything's so overpriced,that I did not
> find anything to buy after this 30% drop."
OOPS - wrong thread, or actually, I just got
caught by the thread police. Sorry, officer, won't
do it again. :-))))) (Just joking - no offence to
Paul).
So to explain myself. I was just answering to Jim.
My strategy is as follows. When market tanks, forget
about value stocks. Forget about net-nets, cigar butts,
low-market-cap-to-cash. Forget about
low PEs in boring businesses. When market tanks, it's
time to buy growth, gorillas, quality, whatever you
call it. No Mattels, ECIL's, CONVs, LHO's, GTSI's.
It's time to look for BRK, KO, PG, JNJ, MRK,
MSFT, CSCO, HWP, ORCL, ADBE and other super names.
And these names even after 30% correction are way
too high. So I am not buying anything. Does this
clarify my position?
I may buy RAL, DNB and more TSG, but at this time
I prefer to wait and see whether they or some
of the gorillas get into a low-low net.
As I said - wrong thread. Sorry. :-((((
Jurgis |
