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

To: Suma who wrote (21576)	6/30/2005 4:26:50 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78774

Suma, from what I can understand you take concentrated positions and plan/want/expect gains fairly rapidly. So perhaps you exit positions quickly if there's no gain or if the gain occurs quickly. Imo, no person who doesn't have some good insight/insider information should have committed big to MEH with big dollars expecting quick gains. The stock surprised (imo) and did well and quickly. So on a percentage gain and on an annualized basis, the numbers look good. But - in my case anyway, it's small potatoes - the actual dollar amounts aren't noticeable in my portfolios. If you're kicking yourself for not buying, that's one thing. But if you're jealous of me, that'd be a mistake. As I look in my portfolios, I see many small potatoes, and some rotten ones too. Plus, you are assuming I am actually a real investing person who exists outside of cyberspace. That could be a dangerous assumption! ---------------This is my truth---->> Imo, the BIG profits are not being made by the things you are seeing. They are being made quietly in corners where you are not seeing them. That is, for example, MEH was mentioned, you looked at it, you made your decision, and fairly quickly and somehow you saw that the stock moved up and maybe moved up strongly. So you are reacting to what you've observed. However, catching the posts about MEH and getting the stock's subsequent movement is NOT where the real profits are being made here. Where you are not looking and seeing is the stocks that have been mentioned here in 2003, 2002, 2001, and earlier that have moved up really substantially - multibaggers. Stocks from several different sectors that people have bought and posted on, occasionally reposted about, and occasionally added to if the value still seemed compelling. You will only rarely read of these stocks and the successes people have had with them. Imo, if someone needed to kick themselves for not buying and holding, it is these stocks that one should have regrets about.