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

To: Paul Senior who wrote (25437)	12/3/2006 7:17:39 PM
From: Madharry	Respond to of 78702

yep it sounds good in theory and i tried to do it a few times. the problem is I find some tremendous bargain I want more of and its hard for me to hold on to my fully valued or overvalued stub S.

To: Paul Senior who wrote (25437)	12/4/2006 10:11:39 AM
From: Madharry	Read Replies (2) \| Respond to of 78702

I have now got my full position in azecf. (ARUZE) which is japanese maker of arcade games, ownere of arcade parlors , and maker of slot machines and othere gaming machines . The arcade game business is not doing well and is in transition. some of the games are being marketed now as games to be played on cell phones. But the main reasons why I purchased the stock and made it a large position in my portfolio are: 1. It owns a large position in Wynn , whose value is more than the current market cap of the company, so the rest of the business is free. 2. There is a good likelihood that Japan will permit casinos in the next few years there fore Aruze/Wynn will be a ground floor opportunity. Aruze will win two ways by participating in a casino and buy selling gaming machines. Aruze has an excellent website and all of its financial information is there. 80% of the company is family controlled. This is one example where I am liquidating stubs to participate in a new position I really like. 3. The company may benefit from increased consolidation in the gaming industry. 4. The company trades and derives most of its revenue in foreign currency. 5. I believe the Japanese are becoming larger investors in their own stock market. A stock like Aruze might well capture their interest as japan moves through the casino approval process. As always do your own dilligence.

To: Paul Senior who wrote (25437)	5/9/2007 7:30:20 AM
From: Madharry	Respond to of 78702

you know I tried that as an experiment with one stock. When I wanted to sell the whole thing as I thought it was overpriced but i kept a stub. Its a couple of months later now, the stock is down 25% from where I wanted to sell it, I dont follow it anymore so I sold it and bought something Im much more familiar with now. Thats probably what happens I find something I like better or have more confidence in and I just sell. I certainly would have been better off in DISCA as opposed to SIL or CHK over the past time period but thats the way it goes. Similarly I would have been better of with ME or PDS as opposed to DPTR.