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

To: Allen Furlan who wrote (10124)	3/4/2000 9:22:00 PM
From: Mike McFarland	Respond to of 78525

(arbitrage opportunity) Short answer--don't know, folks may want to just skip this message. Long answer: Sorry, don't know. I ascribe to the K.I.S.S. method of investing--seems like a good solid old economy play and the contrarian in me found it while it was dirt cheap, may stay cheap for a little while, but not willing to bet that shares can be had much lower. In my job as a government weather forecaster (which I intend to quit soon if my stock perform just a little longer for me...) I have found that the people with the most elaborate explanations for why an event will or will not occur, are generally overthinking the problem--or are simply full of shit. I adopted KISS to keep sane on the job. I am not saying that there are not many ways to play these stocks, and certainly not saying that "arbitrage" is not a reasonable way of making some money, but I really could even define the word for you! I bought BNI because I like the business and the merger, oil is a bit pricy so profits should again be up as shipping by truck becomes unreasonable, and someday Amtrack is going to be taken off the lines somehow--it is not reasonable for these fellas to pull over for these passenger trains (and when a solution is found I look back on my investment with great satisfaction.) I only am in for "half" of a position, a couple thousand shares for me. Also, BNI is the opposite of my biotechs--perfect way to diversify. I have not read the Yahoo thread, I'll bet there are a lot of thoughts over there which are a lot better informed than my own! I am probably a bit early diversifying--I was 100% biotech just a few weeks ago. I'll probably be down to 25% by the top of this run up in biotech, which should be a couple months away. I'll probably keep adding these old economy value stocks all along the way.