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

To: Jim Battaglia who wrote (4413)	7/12/1998 3:06:00 PM
From: James F. Hopkins	Respond to of 78752

Hi Jim; Well I was using that more to show how the index funds have so much power in the market today. That's not the way I ( trade ), mostly because I can't afford to cover that many bases weighted. So I'm limited to Mutual funds to get diversity, and a few picks. One thing I noted last year is that within the top 100 of the S&P if you see a stock that has an unusual pull back, check it out. Many of them do pull back 20% and they most always rebound. MICI ,& CPQ were my better plays last year, they both got over sold. I missed BA not long ago but if she pulls back again to the $44 level I'm going in. --------------- I was a die hard Peter Lynch fan, but even he admits that the stock market does not work the way it did when he made it big. ------------------ Value seems to be a relative thing, and nowadays thanks to all the indexers it's best to stay with the mo mo stocks and bite when they have significant dips that enhances their value relative to their peers. ------------------ Poor boying it I still look for steals on some really beat up stuff ( when they get hit so hard as to take them not just below book, but below CASH on hand ) these are almost always good for 20% but for me they are hard to find. I don't have a screen program that looks for cash on hand, and have to dig through a ton of under $3 stocks to find them. Here I'm just buying the cash. -------------------- There is a lot I would do if I had the resources , but I don't see the point any longer in my making up a model I can't afford to trade, yet with out some diversity there is to much risk, so I have to compromise on what I would like to do. Jim