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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (15563)10/4/2002 7:38:08 PM
From: Paul Senior  Read Replies (2) of 79128
 
Looks like an appropriate albeit difficult time for value investors to commit funds to selected stocks.

Hard to even envision when the broad-based selling pressure will abate. I suspect that when people get their 3rd quarter mutual fund reports in a few days and see the carnage that's been wrought, there'll be quite a bit of liquidation by shocked and dismayed fund holders.

Still I remain a buyer. Today I added a small amount to my holdings of ACAS and continued to slowly build small positions in NCR, MBI, MCGC, and RJR.

finance.yahoo.com

about MBI: I have a small amount of competitor ABK, which we have talked about here a few times. It's on my watch list again: if the stock drops a few more points to its annual low, I'll buy more (asssuming I still have money and haven't by then either fallen into a state of despair about the market or into a state of poverty regarding my portfolios).

Paul Senior
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