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

To: Paul Senior who wrote (32509)	12/9/2008 12:55:21 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78744

Nice move in cement maker [t]CX[/t] today. At lower prices, I exited my stub position(oops). Still holding Pargesa ([t]PRGAF[/t] though, which among other things, owns 21% of Lafarge (which in turn has 15,000 employees in the USA in cement manufacturing, aggregates and concrete and gypsum). From the WSJ: "Materials and construction companies, after falling for the better part of three months, led the charge after President-elect Barack Obama pledged to spend more on infrastructure. Notably, Mexican cement giant Cemex closed up $2.07, or 28%, at $9.40 on the NYSE" Question is a general one - what to do now, now that many companies, cyclical or value, have come off lows? For some like Pargesa, I'll continue to hold, add if they retouch lows. Others, I am merely guessing that they could drop back down as market continues its gyrations. I'll likely close my [t]HD[/t] position tomorrow, have dropped [t]SYK[/t]. This market is making me a reluctant trader.