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

To: Ron Bower who wrote (3178)	2/10/1998 12:13:00 AM
From: Honest Abe	Respond to of 78570

I know about Buffett's bonds and silver, but what have you heard on Buffett actually selling stock??? I agree with you that the market seems high and overseas there are a lot of problems, but in this bull market we have been through Mexico about going bankrupt and the same situation with Iraq. If at any time you tried to time this market before, you would have regretted it. I have finally come to the conclusion that I will not get out. I may restrict new buying, but I will not sell a stock because of the market. I will sell a stock only because of the stock. The market could have a very sizable crash, and I am still better off than being in bonds for the last 6 years. I'll take the risk.

To: Ron Bower who wrote (3178)	2/10/1998 12:20:00 AM
From: Honest Abe	Read Replies (3) \| Respond to of 78570

ALL - I just started a general partnership with two other people. Our singular purpose is to invest our money Buffett-style, and we are all working diligently to gather up the proper knowledge and resources. Does anyone know of a free site on the web that you can get LONG-TERM financial information on a company (10 years)??? I have looked long and hard, and the closest I have come is Zack's, which gives 5 years of info. (To see this, go to investorama.com and research a symbol - it will be one of the links.) I have an S&P Stock Guide, and it is fine, but if I could find a similar resource online I would be happier. Also, if there is not an online source, do you'll recommend a resource other than the S&P Stock Guide for financial info???

To: Ron Bower who wrote (3178)	2/10/1998 7:36:00 AM
From: Wallace Rivers	Respond to of 78570

Ron: I share your concerns for the near term. It's getting harder and harder for me (not impossible) to find compelling buy candidates. I also am finding myself selling more than I am buying, building up my biggest cash position in years. It REALLY disturbs me when AOL is bid up over twelve %, and is trading at 29 times earning of '00-'02 (per Value Line). Ridiculous. The company raises rates 10%, analysts think the company is the greatest thing since Wonder Bread. Few even pause to think that this increase might not stick, and people will flock to providers like mine who charge 1/3 less! On the other hand , I just finished the chapter in the Buffett book other than Buffettology concerning the crash of '87. Prior to that "event", interest rates went up from the 7% range to the 10% range, quite a different scenario from the sub 6% (and apparently holding) rates we have currently.