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

To: Vol who wrote (2424)	11/12/1997 10:22:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 78652

Vol, I'm not jumping into anything either, but I've been doing a lot of research to build a list of beaten down stocks with potential. When this market breaks, if it does, I want to have a list of buys ready. I'm looking for market plays based on value because I feel they will be the first to recover. Sending broker some fresh money I had in reserve and it's been a while since I used my margin account. I doubt very much if you were beaten down any worse than I was (15%). I had 60% of my holdings international, much of it in HongKong. My answer was to sell my US holdings and buy more of the HongKong based stock (DSWLF). My thinking is that I know the company well, it's solid, it's selling off for the wrong reasons, I was willing to buy at the higher level, why not take the opportunity to average down when it's cheaper? I had 9 stocks, I now have 3 and I'm happy. I don't feel we should run scared. I sold good stocks that would gain back the 10% or so they lost in favor of stocks that will gain 50% or more when the market recovers. INVN - I'm looking at it because of Iraq, Iran, Pakistan, and all the new publicity on terrorism. It looks like they have the premium product for explosives and related detection for airports and other susceptible sites. They were losing monies in development and are now starting to show profits. They sell in $US and they've fallen to half of earlier price. Also watching Mike's CREAF, ROC, NTAIF, and some others I have files on in addition to the new ones I'm researching. Question now is: where's the bottom? My 2 rubles worth (researching a Russia stock) -g-, LOL Ron