Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 43.07

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4:00 PM EST

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To: da_cheif™ who wrote (14016)	3/13/2004 12:26:56 PM
From: dvdw©	Read Replies (2) of 206750

Opps Sorry I copied the wrong part of the text then added my reply without looking at what I placed as I was in a big hurry. My reply was meant to apply to this part of the first piece; He tells us this week in his annual letter: "We've found it hard to find significantly undervalued stocks...The shortage of attractively-priced stocks in which we can put large sums doesn't bother us...Our capital is underutilized now, but that will happen periodically. It's a painful condition to be in, but not as painful as doing something stupid. (I speak from experience)...I made a big mistake in not selling several of our larger holdings during The Great Bubble. If these stocks are fully priced now, you may wonder what I was thinking four years ago when their intrinsic value was lower and their prices far higher. So do I." Buffet is sitting on a huge hoard of cash, some $36 billion with over $12 billion in non-dollar assets. The world's most successful value investor can't find something he thinks has value, and even openly wonders about the value of the US dollar. "

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