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

To: LauA who wrote (9791)	1/29/2000 1:56:00 AM
From: James Clarke	Read Replies (3) \| Respond to of 78476

I admit I was wrong on USEC and now you ask me to "revisit my wrongness"? Tough crowd. I missed one big thing. Perhaps the biggest thing one could miss. The fact that the product is a commodity whose price could fall - and it did, and that their costs are fixed. I sold about 75% of my USEC holdings today. Maybe that means I capitulated and this is the bottom, or maybe it doesn't. The stock is cheap, but so are a lot of other stocks with a future. Big mistake - this was my Waste Management, Albertsons, Service Corp that other value investors fell into the trap on. We all had one last year. And if we only had one, thats pretty good. Today was brutal on stocks, but still orderly which tells me this is far from over. The bond and currency markets were wild today - that makes people think about hedge funds and banks might have some problems, which might lead to more selling. Whether buyers emerge Monday morning is going to be interesting - we closed near the lows today. Both Mike and I are looking for one thing - a Friday like this followed by an 800 point drop in the Dow on the following Monday. You still looking for that, Mike? I am.

To: LauA who wrote (9791)	1/29/2000 9:56:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78476

Too early Sat am. bs.: INT vs. QCOM. Absolutely everybody must be talking about the popular stock International Fuels. Not too many (value investors)likely know about Qualcom though. Here's an update of my 12/28 post (#9463), wherein is I suggested I would probably have to go with the crowd on INT, although my heart was with QCOM. After all, an analyst had just predicted a 12 mo. stock target of 1000 (QCOM was up strongly @ 660 when I wrote). So a month later (after QCOM's split), we have: INT: my last purchase 12/30 at my high buy price-- 7.1875; close now-- 8.6875. Just a measly 1 1/2 point rise there. (But it is a 20% paper gain.) QCOM (split adj), then-- 12/28 165; close now-- 110.56. A drop of 55 points translates to almost exactly a drop of 1/3 in price. So far - and given that it's all on paper and subject to change and being early Sat . am, -- the INT bulls were right! INT beats QCOM. Good thing I followed the crowd and bought INT. GO INT! I probably need to get some more sleep Paul.