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Strategies & Market Trends : The Market Taught Me That......

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To: Richard Estes who wrote (6)	11/5/1997 12:34:00 PM
From: Sam Citron	Read Replies (2) of 151

Richard said: "4. Don't average down. (don't make a bad trade worse) I have learned that disciplined value-oriented investors can do extremely well scale-down buying if they have done their homework and are patient and extremely disciplined. The best exemplification of this is Cary Salsberg's thread, "Semi-equips: Buy when the BLOOD is in the streets". Cary carefully set 3-tiered entry points on 8 different semi-equips in last summer's carnage and saw his portfolio triple over the ensuing 6 month period. Cary's industry approach to investing, while I do not consider it ideal from a risk diversification point of view, also offers great economies of scale in leveraging scarce research time. Richard: Having said this I realize that Cary's fundamental approach is diametrically opposed to your technical CANSLIM approach and that both may be quite valid in their own right. Great idea for a thread, Mohan! SC

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