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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (22190)10/7/2005 12:49:08 AM
From: Spekulatius  Read Replies (2) of 78628
 
OT market comment - awful days in the stock market although we are still pretty close to our 52 week highs. Some of my recent buys have been battered:

UCIA.OB - sliding down on no news
OFG - cratering due to collateral damage from other Puerto Rican banks (DRL, RGF etc.) I expect bad earnings as the yield curve has flattened even more, however the stock is no close to book. no sceletons found in the basement yet. Without writeoff's, this stock is undervalued IMO. i am still with my starter position - don't dare to add yet.

Sold some CLE and NSRGY. Both stocks have done well in the recent selloff. looking for some solid stocks to add. The energy sector has been selling of hard recently - the correction was overdue. tomorrow could be a bounce day, judging from the recent price action and crude spot prices. But LT I am not bullish - i think we will get quite a few news about demand reduction. Everybody in the US is watching SUV sales as an indicator but i think the real reduction will come in Asia (Indonesia, Thailand, Malaysia and China and others)
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