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

To: Mao II who wrote (14705)	6/27/2002 1:15:09 PM
From: Paul Senior	Respond to of 78524

L: These stocks might quickly pop for a 15%+ gain if people believe they're now oversold. But right now it doesn't seem likely to me that this will happen. Since the trend is quickly down, maybe these stocks are going still lower-- the downward pressure seems to be increasing. I'm trying to build just a small position in L around these levels though. I added a tad to my L position this am. My intent is to hold on for a couple of years to see if Mr. Malone can deliver as he has in his past endeavors. (That's my intent, although sometimes I can quickly get scared out of these complex situations.) There's a good write-up of another (typical?) cloudy Malone situation by Greenblatt in his "You Can be a Stock Market Genius (Even if you're not too smart!)" Not that Malone's done well for me so far: I'm still holding a small but losing position in another Malone venture, LWIRA.