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Strategies & Market Trends : Value Investing

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From: Paul Senior6/23/2011 2:32:25 PM
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With market down 150-200 (Dow), it seems for me a good day to add to positions. I've upped the number of my buy orders; not many fills yet. So far:

more Bank of New York Mellon Corporation (BK). Price/stated bv appeals.

more Tag Oil. (I am adding in ira now with TAOIF.) Continuing good results from its exploration. Seems cheap on an enterprise value to flowing boepd rate.

more Archer Daniels (ADM). I like it under $30; been waiting though for $24 area. Lost a little patience, and I'll take a bit more now as stock drops to $29+. (I already hold a full position in this one.)

Pulled United Fire & Casualty Company (UFCS) off the new lows list for a tracking position. Price to stated bv attracts. Dividend. Perhaps recent acquisition will help grow book value. (anemic growth past few years)

OT: I'll take more NVO here as it falls.

OT: Trimmed Penske (PAG) with a view to add back if stock will drop.

OT: Reentered oil co WLL for a few shares.

finance.yahoo.com
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