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

To: Jurgis Bekepuris who wrote (49321)	9/13/2012 4:51:33 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78473

POEFF: "The company received good price for their producing concessions, but the remainder of the company is tough to value for me." Flip-flop for me as well. Too tough for me to value this oil/gas e&p company now or understand its prospects. I'm reducing my position, intending to close it.

To: Jurgis Bekepuris who wrote (49321)	10/7/2012 11:44:54 AM
From: Jurgis Bekepuris	Read Replies (3) \| Respond to of 78473

My top 10-ish positions in no particular order: UVIC, GLW, MSFT, MGDDY, MHR-D, DRAGF. No changes New positions: Positions increased: FBOD, CJES, JPM, AAUKY, GTAT Positions reduced: PERI, EGY Positions eliminated: Flip-flop: Not much activity this month. I sold some more EGY and PERI on valuation although PERI management has increased their projections for this year's results. This is probably the reason for PERI runup that I mostly missed when I sold part of PERI position in the summer. I still have low confidence in this company, so I lightened even more. Probably I should fully exit the stock, but I am keeping a small position to see what happens next. I decided to buy more FBOD as the price collapsed to $1.10 range. It's clear that people want to get out while the stock is trading instead of holding out for liquidation distributions. This now seems somewhat attractive liquidation play. I added CJES, JPM, AAUKY, GTAT on valuation. CJES, AAUKY and GTAT are probably facing bad business results in near/intermediate future, so it is quite possible that their prices will continue to drop.