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

To: Paul Senior who wrote (14942)	7/25/2002 9:19:37 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78625

Made some sales to try to rebalance and free up some cash for buys. It's not just my portfolio that needs rebalancing. I need it too. -g- When tough, battle-hardened value investors (e.g Spekulatius, others) are taken aback by this market, that does scare me. And when I consider this, it makes it harder for me to step in to buy or even hold on, esp. when it just seems that prices get cheaper every day. -------- I'll take loss and close small position in SANYY. Sanyo is the dominant manufacturer of small batteries, esp. used for cameras. They plod on (albeit successfully) in too many diverse areas though(imo). High tech to refrigerators. In owning the stock for a while (3/00) I don't see where they have much interest in investors as partners. I'll take the loss and trim back my position in CJR, a Canadian media and entertainment company. Originally mentioned by Dale Baker (circa 5/01), and using his method, he was able to quickly exit the position when the stock turned against him. (Doing this from memory - hoping I remember right) I stuck with it, added more (9/01), and when the stock rose, I held on. I did not foresee the earnings decline they've reported now, and in this market, I'm loath to hang on even though the stock has dropped on the earnings news. There seem better bargains available in companies reporting decent earnings. I closed my position in EFX. I have taken profits at higher prices. Although the stock price has come down, its p/e, p/sales, p/book seem high to me now when considering other good stocks that are available at better ratios. I continued trimming profitable, long-held positions in WES, CENT, JAH today. finance.yahoo.com