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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (31743)	8/12/2008 12:50:54 AM
From: E_K_S	Read Replies (2) of 78625

PBR is down a lot in the last 90 days. Hopefully the bottom is in. I added a few more shares yesterday with the intention to sell my higher priced shares in 31 days. I am using the same strategy for UNH and RIO. All of my purchases were done with staggered buys so I have different price points that make up my average cost basis. This will allow me to lower my current cost basis, book a short term loss on my higher priced shares while maintaining my original position (after 31 days). finance.yahoo.com I have also been adding new positions to the portfolio which are working quite well. The retail stocks have had a huge run in the last week and I am not too sure this rally can be sustained. I peeled off some HD shares recently purchased and booked a healthy 20% gain on those shares sold. I generally do not like to trade the stocks that I consider to be long term value propositions but in this volatile market I am taking s/t gains on a portion of my new buys. I just have to remember to buy twice as much so I have some inventory left to sell in three to five years. EKS

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