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

To: jeffbas who wrote (11304)	10/17/2000 3:44:59 PM
From: rjm2	Respond to of 78615

Well, the hard thing to do is pick when it ends. So the only thing i know to do is keep trying to catch the knives as they fall, lower my cost basis and wait it out. At least MAIN is holding up however. Bought more GTSI today & EDIN yesterday. Also buying MOVI, GISH,RGB and sold some JPSP for a nice triple (buyout).

To: jeffbas who wrote (11304)	10/17/2000 4:40:45 PM
From: Allen Furlan	Respond to of 78615

WOW!! This board seems to have gotten very bullish on all the "value" to be found in the market. To me it feels exactly like 1987. I agree with Jeffrey that value can get even cheaper if we have capitulation. Does anyone remember what year the nikei hit 39,000? As for me I am buying some of the value whenever I can find a hedge through longer term options sales. I still believe that arbitrage situations have the least risk in this very scary market. Near term fpc and cg are reasonable, the mid term ede and whi are low risk. Good luck to all and watch out for next Monday.

To: jeffbas who wrote (11304)	10/17/2000 6:00:02 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78615

Jeffrey, that there are decisive drops in so many stocks, this I find to be disheartening and frightening. It is painful to see companies report good earnings now, only to see their stocks drop. (Like SEMI.) And the ones that report lower earnings - they seem to get killed even if they were killed once earlier if they preannounced. People believe regardless of what's happening now, good news isn't going to be in the future. Adding it up.... I call it a bear market too - with no end in sight. But that is no reason for value investors to sell out now or remain transfixed like a deer in headlights. I'm with rjm. About now should be the time to lower one's cost basis in some of these stocks or pick up new bargains. One must play the odds (based on our stock market's short history) and screw up one's courage and buy these value stocks while they are down. And then hold on as best one can for the upturn that, in the past, has inevitably followed. jmo. Paul, who knows that Jeffrey Bash knows all this quite well, but who feels better by posting this anyway.