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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (7893)	7/30/1999 1:22:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78498

You got it. And I got it too. Thanks for rubbing it in. YES I MISSED A $2000 GAIN IN 2 MONTHS BECAUSE I HELD OUT FOR $50 (1/8 on a x00 share trade). Stupid in hindsight, but at the time it looked like I had all the time in the world to buy the stock. It is very important to me though that this one hit, though I didn't make money on it. It gives me confidence that my methodology is sound. Now it is 6 out of 6 in the last three years, with the standard being a net-net with something extra based on extensive due diligence that goes up more than 30% within 6 months of the buy (I think 4 out of the six were more than 50%). I bought the other five. And as I have said before, I find one of these every six months. But recently, given the track record, I have begun to look for them systematically. I'll throw out four I am following, but I decided not to buy at this time. Out of a list of 120 net-nets, I found these among the most interesting: MTIN, ISAC, MPAAE, ADGO and FIT. If you want to buy a net-net, I will say again, look at LKI next time it goes below net-net value of 9 1/2 (it was there three days ago). That is 25% of my portfolio, average cost 8. I'd love to hear any feedback. Ben is Smiling in his Grave (not because of my net-nets. but because I am shorting stocks) JJC