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


To: Madharry who wrote (5277)11/11/1998 11:27:00 PM
From: James Clarke  Read Replies (1) | Respond to of 78750
 
No argument whatsoever - we don't disagree with your strategy to invest in deep value stocks like Deswell. I bought that one at about 9 and sold it a bit early at 12, but I figured 30% in a week...

But toward the tail end of that message you said the internet stocks are great trading vehicles. Yeah, as long as they are going up. Do you have some edge to tell me when that is. Or what piece of seemingly insignificant news (to guys who own Deswell and New Holland at least) would drive the stocks down 25% in an hour? Think risk. As Jimmy Rogers said it, "Look down before you look up" Thats just my investment strategy - I am very conservative with investment principal, which Ben Graham teaches is the first (and second) rule of investing. (The first rule is don't lose money. The second rule is don't forget the first rule.) The phrase "trading vehicle" has no more meaning to me than "slot machine".

Jim