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

To: Grommit who wrote (17658)	9/3/2003 2:42:21 PM
From: Paul Senior	Respond to of 78476

I'll up my position in PPE here. Another kind of lagging situation. P/cash flow is okay still. finance.yahoo.com

To: Grommit who wrote (17658)	9/3/2003 10:48:12 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78476

I agree with you and I find it extremely difficult to find value stocks now. I have a pretty large cash position right now, about 80%. My rule is not to compromise the buy criteria for stocks but rather to wait and see what happens. With a PE of 30 the overall market seems very overvalued. I discover again a momentum based mentality with many market participants. Relative bargains seem to be in the health care and consumer good sector. Virtually any stock i have been looking at has been up - this must be a sure sign of a market top :-).

To: Grommit who wrote (17658)	9/5/2003 1:24:07 AM
From: Steve168	Respond to of 78476

Grommit, agree that value investors should pick up undervalued stocks and wait. But the problem is that many overvalued stocks are going up too, some even faster than undervalued stocks. One thing put me on alert lately - a guy I know who does not believe value investing at all, crashed his portfolio in 2000/2001, completed out of the market in 2002, now he is back to the market and loaded with ORCL. I see that as a contraran indicator. I am lightening up my positions and holding more cash.