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


To: sjemmeri who wrote (11636)12/22/2000 1:06:42 PM
From: Bob Rudd  Read Replies (1) | Respond to of 78611
 
<<If it just moved up from 3, the momentum investors might jump on it and run it up to fair value quicker.>> Or the ones that jumped on it as it bounced may bail as momentem sags - It's a tough call, whether to chase one. Like Paul, I missed CCK and am unwilling to chase it. I expected it to come back in, and it probably would have if Buffett hadn't splashed Holy Water on another asbestos play. Despite misses like this, I'm overall comfortable with 'don't chase em up approach' - I'll buy at higher levels, but only when they sag back to [but not below] major uptrend.