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Strategies & Market Trends : Value Investing

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To: Sergio H who wrote (53358)2/9/2014 8:11:49 PM
From: Mr.Sepio  Read Replies (2) of 78773
 
OK, kind of like Michael Burry.. the Godfather of this thread

"As for when to buy, I mix some barebones technical analysis into my strategy -- a tool held over from my days as a commodities trader. Nothing fancy. But I prefer to buy within 10% to 15% of a 52-week low that has shown itself to offer some price support. That's the contrarian part of me. And if a stock -- other than the rare birds discussed above -- breaks to a new low, in most cases I cut the loss. That's the practical part. I balance the fact that I am fundamentally turning my back on potentially greater value with the fact that since implementing this rule I haven't had a single misfortune blow up my entire portfolio."
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