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

To: Paul Senior who wrote (3399)	3/2/1998 11:24:00 AM
From: sjemmeri	Read Replies (1) \| Respond to of 78525

Can you point me to that O'S strategy thread? I'd like to check it out as I've done a lot of reading, thinking, and screening re: his strategies but haven't committed to it yet. He presents a lot of data to back it up and as someone in the science/engineering field that appeals to me. Overall, his concept is simple buy stocks with both momentum and value - that way you make conservative investments without having to wait forever for the market to smile on them. He also doesn't market time but does do 100% turnover each year. Of course, those that don't believe in 'relative value' won't care for his approach. Neither will those who consider momentum a bad thing.

To: Paul Senior who wrote (3399)	3/2/1998 11:29:00 AM
From: Ron Bower	Read Replies (2) \| Respond to of 78525

Paul, I don't have the experience of most on the thread, but I don't understand why any individual investor would 'buy and hold'. It seems to me that you might as well put your money into a Fund. If one buys an undervalued stock, according to the individual investor's criteria, and that stock rises above the value, why keep it when there's a very good chance that it will fall in price? IMO - Just because a stock went to a price above the value you put on it doesn't mean it should be held because it might go higher. I seems to me that it's a good time to use sell.stop orders. Also, why keep monies in a full value stock if there are better buys? I think people become too attached to certain stocks and their perception of it becomes skewed. I have seen some postings that refer to historical performance, ignoring the probable future problems the company faces. (Kodak and Nike come to mind). Just because a company has performed well doesn't mean that it will continue to do so. We both have bemoaned selling too quickly, but as you have pointed out to me, "that's likely to happen in a bull market. Be happy with the profits you got and ignore the ones you didn't get"(sic). For what it's worth, Ron

To: Paul Senior who wrote (3399)	3/3/1998 8:41:00 PM
From: Investor2	Read Replies (1) \| Respond to of 78525

RE: Buy and Hold I began purchasing stocks in the mid- to late-1960s. I've gone through many stages, including short term trading, options, etc. The investment style that works the best for me is to dollar cost average into quality growth stocks over long periods of time. I try to "double-up" on my purchases when the stock is out of favor or undervalued. Of course, this strategy is based on the buy and hold approach. Please note that the above strategy is my most profitable approach, not my only approach. My sucker spot is "bottom fishing." I find it hard to resist buying severely beaten down stocks, even though my bottom fishing efforts are far less profitable. More later, I2