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

To: E_K_S who wrote (27329)	7/26/2007 2:57:44 PM
From: E_K_S	Read Replies (1) \| Respond to of 78667

Added to my starter position in ABB Ltd. (ABB). Company reported excellent earnings this morning. ABB Says 2Q Net Profit Doubled on Sales, Orders Growth biz.yahoo.com EKS

To: E_K_S who wrote (27329)	1/18/2008 11:29:18 AM
From: E_K_S	Read Replies (1) \| Respond to of 78667

Sold 1/3 position in ABB for a small profit. Company could be impacted on any Global slow down and at current prices the PE is still high. Therefore there is not much safety if sales soften and with such a small dividend, the price could fall below $20 on any further sell off. I will look to add more shares around the $18 price range. Capital preservation is important in this market environment. I have 25% cash reserves that I am ready to deploy on further market sell offs. I am looking for another 5%-8% decline as the market trys to find a bottom. What's frustrating is as the market corrects, my cash reserves (as a % of the portfolio) increases but I see my paper gains disappear. Therefore, my strategy is to add to several of my current holdings at lower prices and even add new picks when the value opportunities present themselves. Holding good paying dividend companies allows one to wait, collect the dividends and let the price/value come to you. EKS