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

To: Area51 who wrote (18876)	3/15/2004 4:48:21 PM
From: Paul Senior	Respond to of 79164

The application of market-timing decisions is inappropriate to this thread in as much as the thread was set up to be a value thread in the Ben Graham tradition. I ask that folks here take market-timing decision discussions to more appropriate venues; there is no lack of market-timing interest - criteria or decisions -elswhere on SI. Of course anyone may post where ever and whatever they wish here; this is not my thread. I'm just sticking up for the value approach that eschews market timing. I, like others here, can continue to put people on ignore, but that ultimately degrades the thread too - given my assumption that anyone who posts here has good intentions (misguided perhaps though they may be -g-)and maybe even a profitable idea or two that I'd like to read about when they mention particular stocks they are interested in.

To: Area51 who wrote (18876)	3/15/2004 5:41:29 PM
From: Paul Senior	Respond to of 79164

OTOH, maybe it's just me. Getting grumpy. Market declines like the last few days can have that effect. grrr. Area51, I appreciate your mentioning CPE to me on another thread when I was looking for a possible oil company stock. I'm going to try to hold that one for a bit. Imo, if you are looking at other stocks, they might be of interest to me and others here too. . Fwiw, I've added today to the following positions: BLI. I expect/hope/bet this discounter will continue to do okay going forward. A Gaarp stock at current price, it seems to me. DVN. I'm still looking to build positions in oil stocks. DVN looks reasonable, but I'm no expert. MCGC. Dividend yield attracts me.

To: Area51 who wrote (18876)	3/15/2004 6:17:27 PM
From: Madharry	Read Replies (1) \| Respond to of 79164

I find it remarkable that the Faro yahoo thread has had some 20,000 postings since 10/01/03 by comparison a stock that i have followed sporadically MRCY which has a higher market cap has had 150 postings in the same time frame. I know little about this company and perhaps it will become the next IBM- but it sure seems discovered.

To: Area51 who wrote (18876)	3/15/2004 10:48:43 PM
From: Steve168	Respond to of 79164

Area51, thank you for the partial answer. Paul seemed to be very annoyed by the mentioning of "market timing" but excuse me for bring it up again here. I agree day-to-day market timing discussion should not be on this thread, but long term market timing - determine if market is overvalued or undervalued is an integral part of value investing approach. Ben Graham or Warren Buffett both had years to have a lot of stocks to buy (undervalued) or nothing to buy (overvalued). Buffett had a famous article on Fortune in late 1999 stating market was overvalued. He is saying the same thing now while having $26B in cash and nothing to buy. My long-term model is saying the market is overvalued, thus we should have a lot of cash. I am taking the chips off the table, especially after a very lucky year of 2003.