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

To: Paul Senior who wrote (40682)	12/17/2010 7:58:38 PM
From: Shane M	Respond to of 78530

Some activity today - mostly raising cash for some new positions: MSFT - scaled back my position today by half to a more normal size. Conversations on the thread helped me realize I should probably take some off the table. It was over 10% of portfolio and I was thinking about it too much. Back to normal size position now. LLY - sold. Decided I'm leaving pharmaceutical exposure to the Fidelity sector mutual fund. I clearly have no advantage here and need to stay away. WDC - doubled up position after it dropped considerably in the past few days on no news. W/ rest of tech holding in pretty well seemed reasonable. AFAM - took some off the table. Will look to redeploy into a new positions in near future.

To: Paul Senior who wrote (40682)	12/17/2010 8:07:25 PM
From: Shane M	Read Replies (1) \| Respond to of 78530

Paul, may I ask some of your screening approaches? I'm not familiar with many of the companies you mention and wonder how you go about restricting your universe?

To: Paul Senior who wrote (40682)	12/17/2010 8:28:05 PM
From: E_K_S	Read Replies (2) \| Respond to of 78530

Do these sales complete your year end tax loss selling? With the new tax bill now passed, I completed my year end tax loss selling today. I do want to add to some of my positions I sold but will have to wait 31 days to re-enter. I have noticed that several of these very low priced stocks (ie penny stocks and several of those below $2.00/share especially those sold in the pink sheets) can be scooped up at significant discounts to their typical trading range. I suspect this is due to tax loss sellers taking the bid price on "at the market" orders. I will be watching these closely and setting my GTC BUY orders just below these prices and may get lucky. It's not a very efficient market (ie the Pink Sheets) and one's persons loss can be another's gain EKS