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Strategies & Market Trends : Value Line Investment Survey -- Ignore unavailable to you. Want to Upgrade?

To: KevRupert who wrote (69)	2/13/2001 10:48:56 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 219

Hello advalorem, In this market, value is as hard to identify as growth. Mostly I prefer GAARP (growth at a reasonable price) stocks, but the definition of growth these days is truly anyone's guess. <g> I've been watching some retailing stocks (Claire's Stores CLE, Cost Plus CPWM, Dollar Tree Stores DLTR, Lowes LOW, Fossil FOSL), medical sectors (Boston Scientific BSX, Orthodontic Centers OCA, MedImmune MEDI), gaming (MGM Mirage MGG), and the entire restaurant industry, but nothing that I would classify as truly great value or growth. There's nothing that excites me enough at the moment to make me move from cash to risk. There seems to be no safe havens for now. Tech is a wreck and that takes away at least 50% of the growth oriented stocks I used to watch. Anything that might be considered a defensive play in a bear market has already experienced substantial recent price rises, and I'm not going to pay a premium for safety. So I'll stay in cash or cash equivalents until I sense a change in market conditions. I'm not going to speculate that maybe the market will recover in the third/fourth quarters, or even next year. I want some solid evidence that a recovery is underway. Cash isn't great, but it surely beats losses, on paper or otherwise. KJC

To: KevRupert who wrote (69)	2/14/2001 2:15:31 PM
From: OldAIMGuy	Read Replies (2) \| Respond to of 219

Hi A, Regarding sectors, I noted that 14 of the 41 "Worst Performing Stocks (latest 13 weeks)" in Value Line's Index section (page 33) are basically DotComs. Now, that's a big percentage of the total. Many of them deserve to be right where they are, but it's indicative of a massive sector crushing. I'd think that the best of the badies might offer some value at this point. At least the sector would be worth investigating. I've used this method with many different sectors before. Most sectors had much greater substance than the dotcoms, however. Notable a couple of weeks ago was that many of the "Best Performers" (same page in VL) were common carriers. In my contrary way of thinking, if there's an abundance of stocks from one sector on the Best or the Worst list, one should pay attention. In the case of the trucking companies, I would take the information as a serious caution that the sector was over-bought. Best regards, Tom