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

To: Paul Senior who wrote (49934)	11/1/2012 1:42:13 PM
From: E_K_S	Read Replies (1) \| Respond to of 78476

How many of these do you re-visit in 31 days? Do you look at the buy differently or most of the time do you move on? I tend to scale out of a position I have built up (similar to when I scale into it. It's hard for me to wrap my head around a changing company story perhaps I come into the investment with preconceived value measures (and/or fall into the value trap). I think my biggest mistake(s) have been to hold out too long and not cutting back a losing investment sooner rather than later. I have had some success moving losing proceeds out of the common and into their preferred and/or debt issues. My fairly large buy in SVU 2016 8% Notes I bought at 84 cents on the dollar are now priced at 94.75 cents on the dollar. I still own SVU common shares but put new money into their debt rather than upping my losing position in the common. My takeaway is there are many value opportunities everyday if you look hard and turn enough rocks over. I need to learn that when a particular story (and/or bet) goes south, I should book the entire loss and move on. It's hard to change my style of building up a position and then going all out. So now, I am more apt to sell out and take my gain but I do continue to hold some long term "value" core positions. EKS