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

To: Madharry who wrote (37977)	5/21/2010 5:28:51 PM
From: Paul Senior	Read Replies (3) \| Respond to of 78464

Madharry, I'd like to add to my tracking position in GS if/when GS drops to stated book value. In "normal" times, which don't seem to exist anymore, when in the rare times I could buy a financial entity like GS at stated book value, that seemed to be the price where the insiders were getting their bonus shares priced, and a very good time for outsiders to buy. GS: $140. now GS: $133.92. 12-mo. low GS: $128.33 Stated bv, per Yahoo. ----------- I have been adding to ATPG as it falls. Ouch! Given my large position, if the stock drops a few more points, the thing holds the distinct possibility of being my bete noire.

To: Madharry who wrote (37977)	5/22/2010 12:31:35 AM
From: Spekulatius	Read Replies (3) \| Respond to of 78464

Madharry - just be careful with stock "rentals". ATPG is a great high octane (beta) trading vehicle but this stuff can get crushed in an extended selloff due to their immense debt load. I actually traded GFRE a bit today and made some dime (sold out the position bought earlier for a small profit). GFRE looks cheap and has a good balance sheet now (net cash) but I am not convinced that they are doing well operationally - the high bromide prices bailed them out last quarter but production seemed rather anemic (although that seemed weather related). I am suspicious of Chinese market overall, as I think there is a substantial risk of a RE crash there. My strategy has been to upgrade the quality of my portfolio with stalwarts mostly with good dividend yields. I also own a bunch of small bank stocks as well as insurers. I think all those groups will do well even in a slow economy. I also think that those groups are cheap. I always keep at least 10% of my portfolios in cash to snap up bargains.