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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (2762)	12/13/1997 10:51:00 AM
From: OldAIMGuy	Read Replies (1) of 78740

Hi Paul, I keep a pretty fat Cash Reserve on hand for my equities most of the time. It's latent buying power. Recently, it's not been so Latent, however! Here's the last week's worth of activity: Bought 9% more UWW @ $15 Bought 21% more VLSI @ $20 Sold 5% of ASND @ $32 Sold 8% of SDS @ $27-7/8 Bought 5% more GENE @ $7-1/2 Bought 5% more GENE @ $7-1/8 Bought 10% more VLSI @ $19-5/16 Bought 10% more SFR @ $10-1/2 As you can see, the buying has heavily outweighed the selling recently. The stocks that I'm buying have improved in fundamental value relative to their price/share in this most recent market bashing. All but ASND I have owned for many years and make small adjustments to my holdings to limit risk. ASND I first bought at $32+ after its collapse from $80. I was a bit too early. I then continued to average down to the $23+ range. With the speculative pop that we got a week ago, I was able to off-load some shares for a nice LIFO gain. Best regards, Tom in Wisconsin

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