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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (3399)	3/2/1998 11:29:00 AM
From: Ron Bower	Read Replies (2) of 78530

Paul, I don't have the experience of most on the thread, but I don't understand why any individual investor would 'buy and hold'. It seems to me that you might as well put your money into a Fund. If one buys an undervalued stock, according to the individual investor's criteria, and that stock rises above the value, why keep it when there's a very good chance that it will fall in price? IMO - Just because a stock went to a price above the value you put on it doesn't mean it should be held because it might go higher. I seems to me that it's a good time to use sell.stop orders. Also, why keep monies in a full value stock if there are better buys? I think people become too attached to certain stocks and their perception of it becomes skewed. I have seen some postings that refer to historical performance, ignoring the probable future problems the company faces. (Kodak and Nike come to mind). Just because a company has performed well doesn't mean that it will continue to do so. We both have bemoaned selling too quickly, but as you have pointed out to me, "that's likely to happen in a bull market. Be happy with the profits you got and ignore the ones you didn't get"(sic). For what it's worth, Ron

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