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


To: Grommit who wrote (18252)12/23/2003 11:52:59 PM
From: Paul Senior  Respond to of 78748
 
Grommit, I sold 1/2 of very small position in LDL recently. The stock subsequently dropped pretty quickly (percentage-wise)in the last several trading sessions - just as I've been looking for an exit for my remaining shares.

About clothes retailers: I've given up on GADZ, have taken my lumps, and closed the position for losses in all purchased lots. Company is still in search of a workable business model, but now they're saying bankruptcy might be an option. Gamblers could enter here and maybe do okay if there's a January effect this year. I suspect much of selling now is coming from people like me who will just call it a day and take the tax loss write-off.

In the past few years I have owned and followed many companies right into their bankruptcy - I have had more companies go belly-up on me I daresay than anyone else on the thread. But now with '03 looking to be a good year for stocks, I'm just not interested in the pain and suffering that goes along with following companies in crisis like GADZ as they spin further down.

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I added back a few more shares of ANF. I am expecting (hoping for) a better year for them in '04.