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

To: Madharry who wrote (10775)	6/27/2000 6:30:00 AM
From: cpabobp	Read Replies (1) \| Respond to of 78530

Armin, I too think 30-40% is great for non-tech companies without any immediate catalyst. But at the same time I try to remind myself of the reasons I got into the stock, and the long-term nature of value investing. More times than not I do end up taking profits off the table, but I'm trying to become more long-term. Two other issues: 1) OCR announced an earnings & revenue shortfall. I owned them during part of their recent upswing over the past year, and think 1st) the move up to 18ish was over-speculation and not deserved and 2nd) yesterday's selloff was overdone. I have been watching and playing OCR for about 2 years and don't think yesterday's news was much of a surprise, actually I expected as much. I started an exploratory position near the close to see if I may get a little bounce at today's open, but don't expect to invest anything major until it settles down. The support level that held last summer was around $7, and I'd love to see that again but I'm not sure it will happen. On the negative side, one of their competitors NCSS has had some major fraud going on and has gone from $12 to less than a buck in 15 months or so. So even though I think the downside for OCR may be limited from here, they could end up in the toilet with NCSS. (P.S. Don't touch NCSS with a 10 foot pole). 2) ECIL has me on the fence. I have a hard time resisting the urge to take profits on anyone after a 40% rise in about a month. Are there any ECIL holders that have any compelling reasons to hold? I'm not sure I'd be willing to bite on the recent rumors that CSCO is considering buying them. And speaking of price catalysts, I hate to see all the ECIL Press releases as the prime mover of the stock. Where's some external verification or I guess we should wait until earnings season???