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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (32066)	9/19/2008 10:35:39 AM
From: Paul Senior	Read Replies (4) of 78656

Ah GNW. What a swing in prices in past two days. Down sharply yesterday to about $3.50 with a recovery to today's high over $16. If timed right, or maybe somewhat more realistically, if someone followed the stock/company and believed management yesterday that they were well-capitalized/had no serious financing issues, etc., and the person stepped in for serious money yesterday, it was a buy to make a fortune on. And this on a presumably staid insurance company. Of course though, who believes managements anymore -g-. And in our current and volatile market environment who dares step in with big buys and will hold longer than a couple of uptick points? Anyway, nice timing buy on your part, Madharry. I suspect I'll be underwater for a very long time on my GNW shares, but am grateful for the few more I bought yesterday after your post.

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