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To: Madharry who wrote (30514)4/1/2008 8:25:16 PM
From: Oblomov  Respond to of 78625
 
Yes, one must buy when the outlook is grim, and when the conventional wisdom cautions one to stay away. Otherwise, the stock would be fairly valued rather than undervalued.

OTOH, sometimes the conventional wisdom is right. This is why I believe that in addition to fundamental analysis, judicious use of technical analysis and cash management techniques can be useful.



To: Madharry who wrote (30514)4/3/2008 4:46:16 AM
From: Carey Thompson  Read Replies (1) | Respond to of 78625
 
Madharry,

You are correct about buying into Argentina when the rest of the world ignores or hates its prospects. I read the research you presented on Argentina and it did not seem like a horrible place.

I am old enough to remember when people that opposed the military junta "disappeared" and their family members petitioned the junta about the whereabouts of their deceased loved ones. That was a tragic chapter in the history of that country. I did some stock market research on Argentina and found it was one of the only latin American stock markets listed in the Wall Street Journal in the early 1900s then poof its listing was gone. I am old enough to remember when the South American stocks markets were called ABC for Argentina, Brazil, and Chile.

So somehow Argentina has lost its lustre. Some one stated recently Brazil has overshadowed Argentina. This true and Brazil's prospects and people are shining into the 21st Century.

But Argentina continues to have its Pampas and grasslands and livestock. Just no petroleum. The petroleum is in Brazil and Venezuela and Peru. No precious metals. The precious metals is in Brazil and Bolivia and Peru and Columbia. No coffee. The coffee is in central America and Columbia. It appears the hot in demand commodities are located elsewhere, so Argentina sits on the outside looking in for now. But things change over time and the Pampas and its cattle will become desirable again.

Can you remember when the great Argentinian Oscar Bonavena boxed Muhammed Ali back in the day?

BTW, regarding Argentina as a great place to live. Ten to fifteen years ago, when John Elway was a premier quarterback in the NFL, Denver was a great place to live for free agent football players. Great climate, good housing, fine women, etc. --- Elway retired. --- Now the footballers are annoyed when they are required to catch a connecting flight through "remote" Denver. How things change.