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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (29024)11/18/2007 11:58:37 AM
From: anializer  Read Replies (1) of 78748
 
I think it also just has alot to do with the general market conditions. Negative press in a crummy market doesn't help matters. Many things that I perceived as value, have just continued lower. Either I'm a poor judge of value, or the supply demand equation for stocks is just to dismal. My last sale of OSG was at a small loss around 67-68 area. I did at least sell a little on the earnings pop in the low 70's. But in general it was a failed venture that I just didn't have the patience for. Once it started breaking down below potential triple bottom lows, that was enough for me. Some may not find charts useful when it comes to fundamentally valuing a stock, but I do think we also need to pay attention to what the market is saying by it's actions. Continued overhead resistance and selling on any attempted price advance seems to plague many stocks these days, thus the market environment of late only adds grief to any other company specific negatives. It will take authentic heavy demand and buying for many stocks to overcome the blah's. While it's seems very unlikely that SPF goes belly up, stranger things have happened, thus my allergic reaction towards the entire group. If it should go to $1.00 which can't be ruled out, it would certainly become a much more interesting speculation that they survive.
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