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

To: Paul Senior who wrote (12681)	6/24/2001 4:51:30 AM
From: Dale Baker	Respond to of 78542

At least you held the winners and sold the losers - many investors do the opposite. I keep hearing "I can't sell that stock/fund when it's down so much" every time I turn around, from family and friends and clients. You look people in the eye and say "Of course, you can, just put in a sell order" and they think you are nuts. Anyway, since you are dabbling the healthcare world, take a look at MIMS. I have a small position from just over 6. biz.yahoo.com I can't decide if this was a not-so-great idea or a stock that just needs some patience to turn around and deliver a profit. It fits my basic criteria of low price-sales and positive cash flow though margins are lethally small in their niche. Management raised estimates in April with a very upbeat report: biz.yahoo.com.

To: Paul Senior who wrote (12681)	6/29/2001 11:34:05 AM
From: Bob Rudd	Read Replies (2) \| Respond to of 78542

Paul: On a similar note [as categorizing longer term holds], I started a separate yahoo portfolio for 'sells' to see if I was a bit to quick on the trigger. In many cases I am despite having often sold with solid profit. Some of my extreme 'sold too soons' include ANF +94% [American Eagle outperforming didn't hurt them much, I guess], SOL +98% [After languishing for a year, the pop up looked good, MSFT +53%, LTBG +54% [I knew this was worth more, but thought it would trade down and offer lower entry], STEI +66% [And that AFTER I sold at simple ROI of 114% and annualized ROI 1470% both after tax and commissions....during the entire time Merrill had [& has] a neutral on it]. OTOH I dodged some uglies USG -75%, NT -47%, GLW -31% In the overall my recent sells are up 10% since I sold them, while my holds are up 14% YTD [Not exactly comparable time periods]. Conclusion: I'm still ready to sell stuff that gets ahead of itself [STEI?] or situations where industry fundamentals have gone to hell [NT, GLW], but need to lean against tendency a bit and give them some more wiggle room. And I need to get better at jumping out in order to jump back in lower or quit trying to do it.