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

To: Madharry who wrote (25454)	12/4/2006 5:46:40 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78744

Well for me, I'm buying a little ARUZE which to me is buying WYNN now at an expensive (by standard value metrics) price. I'm on the same slopey line now as someone considering the stock back at $13.50. Then it had no earnings or even had built structures. If one had faith one could certainly have taken a big position @13.50 or whatever the initial price was. If one wanted to be a participant and just see how a bet on Mr. Wynn (his successful history) might turn out, one could have bought at the beginning, added or begun at $25, $50, $75, etc. There were profits to be made by buying all along the way. Depending on how much a person went in for and when, and if and when more stock was added to the position, that could be worse or better than somebody who took an initial big position at say $13.50 and just held on. As was said earlier about big scores though, a person with normal emotions who has a very big portfolio bet on something that goes from $13.50 to $90 has had a darn difficult time holding on. There's been plenty of negativity in the media about WYNN along the way. Madharry, aren't we on the same sloping line now? It's just that we're at $90+, not sure where WYNN and Mr. Wynn will be going from here. Same issue though: Buy a lot of WYNN now (through ARUZE, a 25% holder), or buy less now, watch and wait, maybe buy more later if WYNN stock continues its rise. You prefer the former, I the latter.