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Strategies & Market Trends : Value Investing

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To: Steve168 who wrote (17134)5/31/2003 1:58:56 PM
From: Steve168  Read Replies (1) of 78507
 
The 30% discount to cash stock I mentioned in previous post is VICL. Stock trading at 4 while cash value at 5.5, no debt. This is not the Graham net-net stock since I don't think there is any profitable company trading below cash value now. It is my slightly modified version of value stock picking method.

I recommended ALVR here at 1.86 3 months ago while it was losing money, it is still losing money today and closed at 3.46. My SINA bought at 1.5 a year ago was losing money too, at the first break even quarter, it was above 6, today it is above 16 after 2 profitable Qs.

VICL is showing a great chart pattern, broke out to 8-month high Friday with heavy volume. I moved my money from ALVR to it and will continue to buy more on dips, again same "limit order waiting on the lower bound" approach.

Take a look and your opinion/comments are welcome. Thanks,
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