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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (4803)8/24/1998 1:14:00 AM
From: jeffbas  Read Replies (2) of 79000
 
My problem is different. I try to buy stocks that I can see a double
in two to 3 years - like I would see in buying NH at $11. I often am right and the stock rises perhaps 1/3 in a few months. I am happy to continue to hold for the other 2/3, except that in this market I see
it more often than not turn around and go below my purchase price -
which generally describes a rally in a bear market.

I am a longer term investor not a trader and I see nothing wrong with this approach, except that it is giving lousy results, because I am just buying intermediate term bottoms. By the way the last time I can remember this happening was in 1973-74, when $100 stocks had intermediate term bottoms every ten points down until they hit 50%
or less of the starting price - rather like Case, except that every stock was like that.
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