SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (10852)7/4/2000 12:09:11 AM
From: James Clarke  Read Replies (1) of 78491
 
Flipped half of my new double position in LANC today at 22 1/4. I was tempted to hold the whole thing for a monster gain, but I had bought too much to stomach the risk if something went wrong. So now I still own a full position at what I might argue is an average cost of 16 1/4 due to this "day trade", and I'll hold onto that for a while. LANC at 19 1/4 Friday at the close was the clearest example of short-term market inefficiency I have ever seen. I'm just glad I wasn't sitting in a meeting or something so I could take advantage of it. With 20/20 hindsight, buying a double position was too timid. But that was a decision I had to make in ten minutes, while very concerned that Fidelity's website was going to crash like it does half the time when I try to make a trade.

I'll throw two more ideas on the table. Boring, but pretty good companies (leaders in their industries) and dirt cheap. Briggs & Stratton (BGG) and Ball Corp. (BLL). Think cash flow. I own both.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News