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

To: mikeslemmer who wrote (17843)	10/10/2003 11:04:32 AM
From: Steve168	Read Replies (1) \| Respond to of 78497

Mikeslemmer, I did not say ALVR is still a value stock at $8. It was a value stock when I bought under $2 while having over $3 in cash with no debt. My point is to discuss the hold/sell strategy for a value stock. I modified the traditional "sell when a deeply undervalued stock reaches fair value" approach because I found I sold many stocks way early, before they doubled or even made a 10x move. I had 3000 shares of EMC in 1993, it would made me ONE million dollars if I hold thru 1999. I did hold PHTN from $3 to $70, and SINA from $1.5 to $41 (still hold shares now) after learning that EMC lesson. I am holding ALVR now because it is growing fast.