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

To: Paul Senior who wrote (28566)	10/16/2007 6:56:11 AM
From: Madharry	Read Replies (2) \| Respond to of 78519

ok. first of all I'm not necessarily a value investor as defined by cash flow. To some extent I accept values that other people are willing to pay for securities at a given time. I dont know what wynn and mpel are really worth but I do know that aruze and melco are selling at good discounts to them and I do like the macao casino space as a china play. In the case of plg.to, They were investors/speculators that were willing to fund DGC at a particular price. Hunter-DIckinson wanted to take on this project, there was a resource estimate. I had been impressed with the ceo of PLg.to and found her to be creditable. The ceo felt that the dgc mine would be feasible at $450 gold, since I expect gold to exceed $1000 it was a case in my opinion of little to lose and more to gain as you had and still have a company whose stock is selling at a discount to equity that they own and they have other potentially highly lucrative assets in ghana. Those are situations i like to invest/speculate in. Mog.to is a flat out speculation. You are right- there may turn out to be nothing there. but once again I liked the connections. I like the business which if they can grab market share will turn out to be a great one to be in. I felt it was a very large return to risk situation and I still feel that way though it may take years to come to fruition. These were my best ideas and hence my largest positions at the time. are my best ideas my most profitable ones? of course not, but if i can make 16% a year I'm a happy camper. Far and away my best idea has turned out to be AAPL which i bought at close to book, sold within 3 months for a nice profit, since I didnt know what it was really worth, and have watched it go up about 12 times since then. I Still own all of these ideas except for SSALF which was taken under by KHD and CNQ, which I sold for technical reasons ( I never know when to sell so im trying that as a strategy now). EDVMF I am increasingly wary of due as I think shareholders are getting increasingly taken advantage of by management, I reduced my position significantly and may continue to do so unless there is more frequent disclosure. edvmf was a technical sell in july now its a technical buy, but its a hold for me. All in all I would describe myself as a lose a little, make a lot investor/speculator, with more of an interest in management , assets and future potential positives than existing numbers and current cash flow so my stocks dont lend themselves to spread sheet analysis very well. For example I own BWEL even though I have never seen a financial statement.