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

To: Lazarus who wrote (14455)	5/10/2002 4:14:10 PM
From: TimbaBear	Read Replies (3) \| Respond to of 78595

Lazarus What concerns me is that WCOM looked like it was going to close at a new low, so I got out... with a loss. :~( I think WCOM might have been able to "pull it out" but probably waited too long and Moody's gave their downgrade and that was that. The WCOM debt market was reflecting similar market perception to those of the equity market. I don't usually invest in the equities based on perceptions of debt holders and folders. I base it more on my read of the difference between price and fundamental value with using technical indicators for timing. I violated a cardinal rule of mine of not getting in the way of a falling knife and allowed optimism to color my read of the technical situation and got myself nicked. The position wasn't huge, the loss wasn't large, but it was still an error in judgement (I don't see the error as whether or not I got in, but rather one of not being completely objective in the decision-making). I suppose I'll make those from time to time, but I don't suspect I'll ever like it when it happens. Timba