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


To: Shane M who wrote (5133)10/10/1998 12:23:00 AM
From: Paul Senior  Respond to of 78666
 
Shane: His relative strength then would be in conjunction with "outstanding price performance" (O'Shaughnessey), plus high earnings in current year as well as in 1 year projected. Examples: BBY, DY and AVID (per his 9/98 fund holdings).

I read your initial post to mean that you would not buy a value stock that was declining until you saw a surcease (which would be indicated by the fact it's starting to go up.) In other words, I figured you were saying, "I ain't going to buy the thing until I see that it's not going down any more." If that is so, I am responding that that such a buy criterion has no academic/empirical basis to support it. Although it does seem make a heck of a lot of sense in this kind of market =g=.