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Strategies & Market Trends : Value Investing
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To: Suma who wrote (24762)8/30/2006 2:15:23 PM
From: Madharry  Read Replies (3) of 78764
 
Im losing money on it too right now. but somewhere i read that when you buy a stock because its a bargain, recognize its probably been a bargain for sometime. why should it suddenly stop being a bargain because YOU bought it? What annoys me to no end is that I missed the bottom of the oil shares because all the technical indications point to it being a bottom but there was no insider buying anywhere so I bought zilch. I was looking at drillers like rig in the 18-21 range at the time. atwood was another at $25, none of these had any insider buying.

I see that FFH and OSTK are up today, and I feel pretty strongly that both have bottomed and so are relatively low risk/ high reward situations.
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