Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Paul Senior who wrote (43138)	6/30/2011 10:44:02 PM
From: Difco	1 Recommendation Respond to of 78705

Paul, I agree with you - it's much harder to find value picks in this environment. I've been looking at some European companies, but the current level of the euro could eliminate a potential margin of safety that might be built in those. If anything negative were to happen over there I might focus on German stocks that might be cheaper due to the common currency and overall stigma. European banks on the other hand are simply non-starter for me - they keep on rolling the Greek debt. The more you roll in mud, chances are you won't get any cleaner.

To: Paul Senior who wrote (43138)	7/1/2011 11:18:19 AM
From: E_K_S	1 Recommendation Read Replies (1) \| Respond to of 78705

Hi Paul - Re: Portfolio Management - I noticed you sold a few shares of MHR with a recent purchase made on 6/8/2010. Do you match your sells with your different Buy lots, use a default method like FIFO and/or LIFO or use a mixture of tax lot accounting for your trades. I have always matched my trades to my different Buy/Sell lots. Schwab now requires all trades made after 12/31/2010 be matched for IRS reporting. If their default tag is different than what I want, I must call them w/i three days of my trade to tag the trade appropriately. In my E&P basket, I have quite a few Buys at higher prices and once I begin to sell a position, I will need to be aware of the Wash rule. I try to apply the most efficient tax lot accounting method for my particular transaction. My tendency is to hold onto my lowest priced shares (at least 1 year and 1 day) and peel off my higher cost shares booking losses accordingly. However, in order to book a loss, one must also be aware of the Wash rule. "...A wash sale occurs when you sell or trade stock or securities at a loss, and within 30 days before or after the sale you: * Buy substantially identical stock or securities * Acquire substantially identical stock or securities in a fully taxable trade, or * Acquire a contract or option to buy substantially identical stock or securities which...". ------------------------------------------------------------------------------------------------------------------- I am finding that the "Art Of Selling" is as important as buying. Peeling off shares, lowering the position cost basis, booking a gain (ST vs LT), reloading the cash account, minimizing tax liabilities are all important considerations when selling. It's a never an all of none decision for me as I always scale into and out of a position. My largest challenge is monitoring those companies that I want to own but sold based on current valuation. I maintain a watch list (by sector) of companies that could be Buys but at lower prices. Sometimes it takes as long as a year for them to come back to my value price range. If you have run across one or more strategies that have worked for you, please advise. I have around 85 positions that I actively follow and manage with about another 150 on different sector watch lists. I am always adding new candidates and at times must delete old candidates or I become overwhelmed with all the possible opportunities. My best gains have come from extended market declines where I have had ample cash resources to build my inventory of companies. With the Market up over 5% in the last week, it feels like I need to book some gains and build up my cash reserves again. EKS

To: Paul Senior who wrote (43138)	11/12/2012 2:13:56 PM
From: Madharry	1 Recommendation Respond to of 78705

SD recently received a scathing letter by a significant holder of their stock. worth a read whether you own the stock or not. The letter castigated the board of directors for awarding the ceo so much financial renumeration after the sharp decline and missteps the company has taken and keeps taken. So those of you who thought this type of self-dealing could only take place in foreign countries should take heed. It is alarming to me that since the bulk of these company shares are controlled by mutual funds and pensions, trustee, that only the hedgefunds seem to be taking any kind of role in being proactive the prevent the management theft that to me takes place on a large scale in america. How can these abuses be put an end to?