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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Joe Stocks who wrote (39409)	5/7/2002 10:50:19 AM
From: BWAC	Read Replies (2) of 53068

Nope not at all. I buy and say I buy when I think I can make money over a sufficient holding period. It may be a day, it may be a month, it may be a year, it may be 3 or 5 years. It may be 10 years. I buy when long term value is judged by me to be good and the risk reward over that time period skewed to my advantage. Nothing "bottom" or "top" about it. Only a percieved, correctly or wrongly, less than fair value for the assets and their associated earnings stream. May be the bottom, may not be if the valuations proceed lower. Only consideration I have is my judgment of the fair value. The markets judgement of fair value ranges 10X to either side of my judgment which is already conservative by nature. You buy when the market is puking assets up at less than fair value, you sell when the market is bidding these same assets to 10X their value. There is nothing "bottom" about that. Except the belief that the established company is worth something and the identifiable value of its tangible assets is a good place to start.

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