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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32601)	10/24/2008 10:02:13 PM
From: Spekulatius	Read Replies (1) of 78744

TNL & TEX - scary how low those stocks have fallen. Really scary. TEX @ 50$ looked like a great value pick just a year ago, now in the teens and a day more like this in the single digits with the company trying to preserve cash. I have never seen the economy breaking that hard before. Single sectors yes but the whole economy seems to be hitting a concrete wall at 60mph. I think stocks related to infrastructure are really dangerous right now. FWIW I was aiming to purchase more Nestle but the limit order never hit. Aiming too low I guess. Sold TSM with a very small loss after seeing "limit down" futures and the mess in Asia. Accidentally sold FMX this morning. Realized my mistake and bought it back cheaper. I guess I should do this more often. Also bought some DLR.PRB stocks and some PM today at the close for good measure. I figure that folks are still going to smoke in a recession, although there is currency risk now with PM since the US$ is rising against almost anything but s few Asian currencies. Still 1/3 in cash after todays close. It's been a while since I sighed relief after a 3.5% loss

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