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

To: jeffbas who wrote (5325)	11/23/1998 11:16:00 AM
From: OldAIMGuy	Respond to of 78602

Hi Jeffrey, Since you mention JBL, hope you don't mind my showing my history of managing this stock since I first purchased it in January. Not only was it good value at the time, and selling at about 1/2 its former high, it has provided some trading around my core position to let me collect some "rent" from it while I watch the show. (Paul, I'm sure this isn't Mr. Buffett's style, but it works for me and can be duplicated by anyone using the same method). The upside is that the cash reserve is one's "hedge", the downside is that the cash is the portfolio's "anchor" when prices are rising. execpc.com I plan on maintaining a position in this stock for quite a while. To limit the risk of my long term position, I do inventory control of the investment. Take a bit of money off the table when it's up and pump more back in when the price is down. Note that I neared 100% invested when the price bottomed recently. After fundamental analysis and value evaluation I manage all my investments the same way. Best regards, Tom