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

To: Bob Rudd who wrote (11637)	12/22/2000 1:25:56 PM
From: sjemmeri	Respond to of 78614

Bob, I guess I don't see it as chasing it up. What if you just discovered it at 5 and hadn't looked at it at 3? Or maybe you had no extra cash when it was at 3? Or you saw a more attractive option then that's gone now? What if there was a false rumor on the Internet that spiked it down to 3 for just a day? Have you looked at O'Shaugnessy's studies of decades of market data where he concludes that the ony way to outperform buying cheap stocks is to buy cheap stocks that are already moving up? I could understand disbelieving him and saying cheap is cheap and I don't care how it got there. But not being willing to buy a dollar bill for $0.60 because you turned it down at $0.50 yesterday? I think we all struggle with that one. steve