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

To: - with a K who wrote (18440)	1/14/2004 2:51:04 PM
From: hoyasaxa	Read Replies (1) \| Respond to of 78520

K- great 'snip' - thank you. (eom)

To: - with a K who wrote (18440)	1/14/2004 7:09:01 PM
From: jeffbas	Read Replies (1) \| Respond to of 78520

I am not impressed at all with that analysis you quote! At the beginning of last year, the kind of money-losing stocks that performed as described in 2003 were priced as if they were going out of business, at the end of a bear market that was particularly vicious for technology companies. Since most will not go out of business, a major rebound occurred. A more credible analysis might have pointed out that these companies recovered from 15% of their 2000 highs to 30% of such highs (numbers hypothetical but reasonable). How else was I able to buy FARO at $2+ last March, down from a 1997 high of $18, and losing money in 2002. It did quite a bit better than lose money in 2003, which is why it is now $32.