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

To: Paul Senior who wrote (16171)	1/16/2003 12:57:49 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78702

Paul, I usually also use 20%-down rule. I.e. I reevaluate the purchase only if it is over 20% down and then either add to the position, keep it or sell it. I think 20% is adequate in terms of how often one needs to make decisions, how much reward one gets, how much one loses, etc. One thing: the rule does not apply if there are significant news on the company. Since I don't believe in stops, please don't tell me that I should stop out much earlier in the drop. :-) Hope someone finds this useful Jurgis