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

To: Shane M who wrote (4755)	8/22/1998 1:36:00 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78615

Shane: seriously, you might want to check out O'Shaughnessy's web site: osfunds.com If you click on his mutual funds and dig around in there, you'll find a list of what his top 10 holdings were for each fund ('were' as in the sense it's probably a bit delayed from his latest updates). Not that I would ever admit to following anybody who uses a relative-strength model -g-, but maybe one day I'll find a stock I'd like to review from his value portfolio. CANSLIM, I've got ZERO use for. Go to Mike Burke thread and ask him; believe he knows O'Neil and has a similar opinion - of the methods and the man. Paul.

To: Shane M who wrote (4755)	8/22/1998 1:46:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78615

Relative strength - I have scoffed at it too, but in this kind of market, the value stocks with relative strength are the ones that double. The ones with no relative strength are the falling knives. I have learned that the hard way, and I don't think I'm the only one. Listen to this - he's right. You all know that's not how I invest, because I buy tiny or weird stocks. But if you want to buy anything institutional quality that "looks cheap", Shane's advice will save you a lot of misery. New Holland (which I am down 40% on) is just one of many cases in point - if I had been listening to people like Shane I'd still be drooling on the sidelines over this gem. Maybe it meets the relative strength test when it has already popped 10% from the current level, but that would have gotten me in at 13 instead of 19. This is an idea to be explored, not dismissed. But it is so difficult for value investors (including me) to buy something going up. If I had waited on New Holland, then it popped 10%, I'd probably act like an idiot and say "I missed it." That's a mistake I've made so many times...one of these times I'll learn from it. Jim