I see, and I hope this tactic works. Since I'm riding with you on some of those stocks - ELAMF, TIE, LHO, UBB, MWY -- and I believe I purchased most, if not all, at higher prices than you-- I surely would like to see a bounce too. Not sure a bounce would get me into plus territory with these, but I hope we get that bounce nonetheless.
My screens show that today's market action was very positive for a large number of small cap stocks. Lots of green-on-da-screen. This is also reflected by some of the posts here, and in other stock-specific threads which I am reading. So maybe we will see a continuation - bounce- in the next few days.
re ELAMF: Man, IMHO, if ever a stock deserved a bounce it would be this stock. Low valuation or discount because it's a Mexican company -- that I think I understand and accept. But at current price- either the company is teetering on the brink due to some yet-to-be-explained cause (somebody knows something and is selling), or else value investing only applies north of the border. That's my opinion only, but jeez, even Paul Klemencic has bought -- and he --like Jim C and Warren&Charlie -- NEVER misses. (Again IMO -g-). Not touting the stock (or Paul or Jim -g-, and not to slight Ron Bower or the other value guys who've bought)-- just venting an ELAMF stockholder's frustration. Anyone reading this thread for a while has come across ELAMF and had a chance to evaluate for themselves. So far, avoiding it has been the correct choice.
Ah well, '98 is history now, time to reset and start afresh. Looking forward to a better '99...Paul. |
