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

To: Paul Senior who wrote (18399)	1/11/2004 10:50:19 PM
From: Steve168	Read Replies (1) \| Respond to of 78750

Paul and all, Agree it is very difficult to have several people agree on one stock idea and buy them. I guess this is what Warren Buffett said about value investing - people either take it on the first encounter or never. I think it is even more complex than that - people also have different way of seeing the "value". Warren Buffett changed Ben Graham's original way and made a huge success. Ben's method is so tough to implement - a value investor would probably have to wait a long time (couple years) to buy some stock. I have developed my own way of seeing the value too, ALVR and PCYC were simple below-cash debt-free picks. EONC is more like a "growth at reasonable price". Warren Buffett bought many great stocks far above book value, and appreciated many times after. Back to people sharing ideas here - I wonder how many people bought ALVR, PCYC and EONC after reading my (and others) recommendation here?

To: Paul Senior who wrote (18399)	1/12/2004 6:03:57 PM
From: Madharry	Read Replies (1) \| Respond to of 78750

I thought my portfolio was doing great so far in 04 until i saw the performance of Faro +24%! although its no longer a value stock- it seems to be a small cap that has developed a real following- as stock like that can become incredibly overvalued before reality beckons. Next time JB mentions a stock I am going to spend a lot more time looking at it!

To: Paul Senior who wrote (18399)	1/13/2004 8:14:14 PM
From: jeffbas	Respond to of 78750

Thanks for the comments, Paul. I definitely have a concentrated portfolio. My goal on every microcap stock I own where I have a material % of my capital invested is to know the company as well as anyone in the country outside of management. I do not always get there, although I have on FARO. That clearly limits the number of stocks. By the way, don't be in a hurry to sell your SEMI, despite today's big move. I think $8-10 is a lead pipe cinch, and maybe $10-15. The Yahoo board isn't horrible. Believe my estimate for Q4 over other higher ones - less than $90M sales and perhaps a dime EPS.