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

To: rjm2 who wrote (17809)	10/2/2003 6:36:57 PM
From: Bob Rudd	Respond to of 78959

STRZ: Asset value's stake dropped from 8.47% in July to 5.76% as Hummingbird's stake has risen so it appears one well informed seller is distributing his stake to a more optimistic buyer. Perhaps Asset value's patience, like ours, is wearing thin. I probably sold too soon given the Hummingbird catalyst, but this is a 'sell when you can' situation and I'm glad to have it in the rear view mirror. My positions aren't big enough to require a lot of liquidity, but since my STRZ experience, I'm walking away from stocks that 'trade by appointment,' that is where average volume isn't at least 10x my expected position and spreads rarely exceed 10% and are generally less than 3%.