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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32952)	12/5/2008 6:17:46 PM
From: E_K_S	Read Replies (1) of 78748

You got a very good price as I think there was some forced liquidation today on SFL. My last buy was at $9.95/share which I thought was a steal. I was surprised that I got a fill today for some more of the BDN Preferred "C" shares that I entered in at 10% below the lowest bid. The shares ended up 7.5% today but based on my buy they were up 17%. I think there was some forced selling and that is why my order was filled. The chatter on the street is that there is still a lot of hedge fund selling still left to be completed in December. I suspect there will be some excellent "low ball" buys available in the next 25 days as we close out the year. I am not sure if some of these bargains are "value traps" but I continue to sell into the rallies, adjust my cost basis with new buys and add dividend payers to my portfolio. I think there will be plenty of time to buy back shares sold in 31 days at lower prices. I am still not convinced that the lows are in so I am staggering my buys over time. EKS

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