Don Earl: there's a dichotomy that I'm not understanding.
On the one hand you talk about long-term stuff like business prospects, strong balance sheets, etc. For example, "...long term value has to consist of a reason why investors would pay a higher price 2 years from now than they would today." All this gives me the impression you are a value investor.
OTOH, several posts back you were saying you thought the market would retest Oct. lows. And in another post, didn't you say your tried-for or expected holding period for you with your stocks was a few months, but it was turning out to be more like a few weeks?
Posts here are free-flowing, logic streams get interrupted, and my memory is not what it was, so I may not be understanding all this or drawing conclusions correctly.
If you are only planning to be in the stock a few months or weeks, then why so much emphasis on safety, dd, value? I mean, what the heck do you care about a stock's price two years from now or its business prospects in '04, or its cash burn, if you'll have bought now and exited a few weeks from now?
just curious.
Paul Senior |
