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Strategies & Market Trends : Value Investing

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To: itilis2003 who wrote (22025)9/10/2005 2:03:12 PM
From: MCsweet  Read Replies (2) of 78705
 
MHCO,

I pared off some of my position today. Like the company, but some of my value plays like GV have had great runs on speculators bidding the companies up. When the volume surges, I view these as opportunities to pare off my positions.

In this case, I most likely am selling early (MHCO is still cheap), but an illiquid OTC stock is going to almost always trade at a discount to the market, and it gives me a chance to lock in some LT gains. I'll bid for it in case it ever drops back down, but that may not happen.

MC
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