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


To: jeffbas who wrote (4804)8/24/1998 8:04:00 AM
From: Terrapin  Respond to of 79000
 
I share jeffrey's problem. I have been fortunate with a few stocks that have rebounded from the lows at which I purchased them but instead of selling for a decent gain in a short time frame I have held to watch them trade sideways or slowly decline. Conversely, I sold a stock called Ingram Micro (IM) which I bought soon after its IPO only to watch it go higher as it expanded overseas. Granted it is what I would call a growth stock (not sure if it is a Buffett stock) so I can't compare it to the stocks I considered value stocks. But it emphasizes the point that I need to remember why I bought the stock in the first place in order to know when to sell. My favorite growth stock, Tyco (TYC), has declined with the market but since I have faith in management and continued growth through acquisition then I will surely hold and perhaps add to my holdings. While most equities are declining right now I've found that a mix of strategies has rounded out my performance and I've slept well. That is, as long as I can remember which stocks are value and which are growth <g>



To: jeffbas who wrote (4804)8/24/1998 3:19:00 PM
From: Shane M  Respond to of 79000
 
I am a longer term investor not a trader and I see nothing wrong with this approach, except that it is giving lousy results

jeffrey.

This was good for my laugh of the day.

Shane