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


To: Paul Senior who wrote (17332)6/30/2003 1:56:18 AM
From: Dale Baker  Respond to of 78744
 
VLGEA - the SI search engine won't cooperate to tell my my thinking at the time but I bought at 20 in October 2001 and sold in January 2002 at 24. My trading journal has a note about no volume in VLGEA - sounds like I got bored and missed the further runup to 36-40. OTOH, I tend to avoid stocks with less than 100K monthly volume now unless there are very special circumstances.

Also, the whole grocery sector went flat around then and never came back. Had I simply held since 2001 I would have the same benefit that I had from selling in the 24's, minus the time value of what I made with those funds in other stocks subsequently.

Still holding a few other stocks from 2001 - MAXF, ACGL, and QBEIF come to mind.