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Gold/Mining/Energy : Yogen Fruz IT'S ALIVE, IT'S ALIVE -- Ignore unavailable to you. Want to Upgrade?

To: lib who wrote (894)	12/8/1998 1:05:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 2453

lib, 1. Yes, there are people who look for down-beaten stocks. There are two types, however: Those who purchase on the simple belief that ‘what goes down must go up.' The others are people who purchase only down-beaten stocks in well-managed companies with revenues and earnings growth over, say 15% or higher. The former throw darts at a receding target. The latter, are aiming at targets others have over looked or, hopefully in the case of YF.A, become unreasonably fearful of. 2. I do not know if "long term" is considered three years. My personal definition of long term is: Hold as long as the company is well managed and has prospects for continued strong revenue and earnings growth. That means I might hold a position in a company indefinitely. I sure would not sell just because the stock price had gone up. (Well, if I was in my right mind I wouldn't. Sadly, I have not always been in my right mind. ) Ciao David Todtman