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

To: Paul Senior who wrote (46122)	1/7/2012 1:21:14 AM
From: Asymmetric	Read Replies (1) \| Respond to of 78666

Don't know the results of Baird's 2011 ideas, but I'm sure they were better than John Paulson's. My best idea is to take what the market gives me. For example, I'm probably the only one on SI to have taken a position today in Pricesmart. Because I didn't care if I got sold the stock, I put a bid out there for what at the time was a low ball bid at 57.60. The stock dipped another buck under that, which put it's losses at -20% on the day, but then came back and closed at 60.63. Pricesmart is called the Costco of Latin America. This is the second quarter in a row it missed earnings estimate. Just like Costco, it wasn't able to pass on rising cost of product to consumers. I'll flip the stock on a bounce and wait and sees what the market gives me next. Very different from your trading, I know. If I get "stuck" with the stock, I also wouldn't mind as I believe it's a growing company, conservatively well managed, in an area of the world that actually has a growing economy. . But anyway, to address your point, my experience is similar to yours. With rare exception, my best ideas are also not normally my best market performers.