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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (7288)5/23/1999 2:41:00 AM
From: Don Earl  Read Replies (1) of 78525
 
Hi Jeffrey,

That's been my experience also. The beat up value plays tend to hold up better in a down market than over priced techs but there is usually some down side risk involved. At present I plan to play a few small short term trades while waiting to see what the market does over the next month or so. I picked up some ABN Friday just for grins. They have announced they expect to restate earnings for the past couple years and there is an investigation involved, but book value is $2.26 and they have $5.23 in cash. Quite a bit of debt but at .41 per share I thought it looked kind of interesting. I don't usually mess around much with penny stocks but the fundamentals are better than the average internet stock so I figured I'd try my luck with a little mad money. It gives me something to do while waiting for the next "crisis".

Regards,

Don
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