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Politics : Ask Michael Burke

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To: JHP who wrote (83732)	9/24/2000 7:49:48 PM
From: Knighty Tin	Read Replies (3) of 132070

John, I have rules about the thirds, but I have broken them many times. After all, investing is art and science, not just science. Usually, I buy second and third thirds if the fundamentals stay the same (or improve, which happens more often than you'd think) while the stock declines. Occasionally, I will buy a second third higher or at the same price if the fundamentals improve in such a manner to make me think that the stock is now more undervalued than it was when I bought the first third. However, you have to be careful about paying up for thirds, as you are running with the crowd when you do that, which is anathema for a contrarian. <g>

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