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

To: Larry S. who wrote (16216)	1/20/2003 11:35:22 PM
From: jeffbas	Respond to of 78688

Larry, in theory the price has nothing to do with something being a value play. Price is merely an inverse function of the number of shares outstanding. It is market cap that counts. In practice, however, it is low priced stocks that are often the cheapest - because they have suffered the impact of institutional dumping of holdings bought higher. Exhibit A is Atmel (or Vitesse) which, although it might go under someday, was driven down to a ridiculous price IN OCTOBER of 58 cents on institutional panic selling (before rallying 7 times).