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

To: Paul Senior who wrote (38176)	6/4/2010 8:24:10 PM
From: Spekulatius	Read Replies (3) \| Respond to of 78481

>>Dow closed down 324, and with that, lots of fills for me.<< Same here - fills for ALO.PA (Alstom - European infrastructure play @38 Euro), more E (35.4$), BK (26.2$), ORRF (22.26$), FINMY (Finmeccanica, 5.05$). I sold some NDAQ to free up some cash. Cash is down to 5%, the lowest since March 2009.

To: Paul Senior who wrote (38176)	6/4/2010 8:52:28 PM
From: E_K_S	Read Replies (2) \| Respond to of 78481

Hi Paul - What are you selling and are any of those sells closing out a previous position? Are there particular sectors that your sells are from or is just a bit of sell from everything? I have built up my cash reserves from three positions (all infrastructure plays) I have closed out and made a few new buys this week. I plan to deploy the balance of these proceeds next week on any further market sell off. All of your buys look very tempting but I think I am going for one big buy where the risk/value reward is very positive IMO. The one problem I face is as the market moves down, I see many more bargains and need to sell other positions to free up cash. I do need to keep in mind that I want to increase my portfolio turnover but hate to give away one value position just to buy another. From my previous post, my portfolio PE is now around 9 well within the value range. Perhaps I should sell anything with a PE greater than the S&P average 15? That's the reason for my questions on what your sells are. Do you have some strategy (ie lighten up on cyclical stocks, move to defensive issues, buy excellent value opportunities)? Many of the drug stocks are getting very cheap. I am inclined to move new funds to defensive stocks and/or those that pay a dividend. EKS