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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (35085)	8/13/2009 10:08:36 AM
From: E_K_S	Read Replies (1) of 78774

I was looking at my cost basis for OXY and see that there was a 2 for 1 stock split in 2006. I have owned this company since the early 80's so it really was a long term position for me. My basis is around $12.75 per share. Many of my core positions are based on long term holds where I have not trimmed as much as I should have. A lot of my CVX shares were purchased by buying Texaco which at the time I bought because it was a screaming value buy. I could go on regarding most of my top ten holdings, where almost half are legacy long term buys. I have peeled off some shares but I consider them still very good holds. I need to be a bit more proactive in taking more of these gains to rebalance the portfolio. Overall I am still overweight in Oil and Natural Resource companies. I probably need to continue to move more dollars into these utility companies since they continue to be priced at the lower end of their historical valuation. I just have to be careful of stepping on any land mines and continue to move slowly with a few more sales and stepping up my value buys. Holding more cash may not be too bad either. EKS

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