Graham and Doddsville -- Value Investing In The New Era Message Board

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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era

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To: porcupine --''''> who wrote (1565)	4/14/1999 9:20:00 PM
From: Frank Heise	Read Replies (1) of 1722

Pork, Have been attempting to position our stuff in a defensive attitude since the first of the year. Nothing dramatic, just setting up for a normal correction. Believe Peter Lynch was addressing the same level of concern. We need, and probably will have, a correction shortly. For the first time ever, we had moved to about 35% cash during the first quarter. Am now in the process of looking for a better solution. Hate cash! It is hard to see a profit from cash! Just my attitude at this time.

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