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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (40575)12/14/2010 10:51:54 PM
From: Jurgis Bekepuris  Read Replies (1) of 78571
 
"selling spikes" - I agree with you partially. I only sell spikes when stocks become overvalued or high-fairly valued for Graham stocks. I also sell event spikes, like announcement of possible sale, newsletter recommendation that causes momo pileup etc. I don't sell runups for stocks that I still consider undervalued.

GRMN - yeah, it has become disappointing stock. I am in positive land with it, but then I bought most of it at $20 and I could have bought multibagger stocks at that time instead... :/ I am not sure it's a great stock going forward unless somebody acquires them. They have tons of cash and cashflow, but they painted themselves into a corner and it's not clear they have vision or capability to do something outside their niche.

DECK and CTSH seem to be hugely overvalued to me. I guess it's great if you held them to where they are now.
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