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

To: Spekulatius who wrote (19926)	10/21/2004 4:10:35 PM
From: Grommit	Read Replies (1) \| Respond to of 78576

ERES - I am holding. At $14 or $15 I would think about selling. I sold some higher PE holdings that have ripened. Sold all BDK and CNC, and some ANF. Bought a little more SLE, BWA, and USTI (because of insider buying), and some utilities and reits. Other high PE stocks due to price increases are YELL & OVNT. Paul, OVNT was a good pick! Should we be selling? (I did sell some YELL this week.)

To: Spekulatius who wrote (19926)	10/22/2004 2:48:54 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78576

ERES I'm earnestly sniffing around. It appears their growth trajectory has slowed due to success in achieving market leadership. The unconverted have largely seen the light, so future growth will be driven by research events rather than customer acquisition. At least that's my current working hypothesis. This would imply a new group of investors, GARP's & value guys, replacing the earnings momentum crowd...the price momentum folks have left the building. I don't as yet see the business as broken, just shifting to slower growth, but am somewhat concerned I may be missing something given the preceding runup [was it build on solid ground] and my lack of expertise in this area. The chart shows potential minor support levels at the 10 & 9.61 levels. I'm considering a nibble here, then adding if it goes to lower levels.