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

To: Suma who wrote (26243)	3/6/2007 4:43:13 PM
From: Paul Senior	Respond to of 78744

Suma, I figure many in that boat. Maybe just waiting until GE moves up to where they can get out at break even. Those sellers could act to dampen or limit the upside move... assuming there ever is to be one. ---- It is not a matter of what was paid for the stock in the past. It's an issue of what the stock is selling for now compared to its value. And what will happen in future. So if th mindset is, "I'm losing money on this, what can I do to get out of this and do better," I instead view it as, right now, GE is close enough to a buy (about 1 to 2 points away from being a major buy), to buy it. So rather than do nothing or wonder what to do to get out, stay in and ...BUY MORE GE. All only jmo. I could be wrong. VERY wrong. I have been many, many times. And there are many who never ever average down. They are wrong of course, but then with GE they've been mostly right the past few years. ---------- I don't follow PCH. Have others in the sector though WY, IP, POP. At current prices, I'm a holder not a buyer.