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

To: Joe Dancy who wrote (5945)	2/5/1999 8:30:00 PM
From: Don Earl	Read Replies (2) \| Respond to of 78476

Hi Joe, Here's the most recent quarterly report on EGEO: sec.yahoo.com There was an earnings warning in December that they were expecting a loss of .13-.15 per share for Q4 and they are working to trim expenses to contain losses going forward. Several ANALysts cut their ratings about the same time. I always tend to suspect ANALysts use their rating systems to create buying and selling opportunities for themselves. The link in the previous post is a fairly decent resource for doing quick research and there are some screening tools that are pretty hard to beat for a free service. The information tends to be a quarter behind current events so it's a good idea to double check anything you find there. What I've been doing is screening for value, then using the site to eliminate the really ugly stuff and whatever is left over I do the more in depth research like SEC filings, news, insider trading, etc. I also play around with TA a bit and I like to see those low volume flat spots at the end of a ski slope type patterns. Usually 2-3 months into the bottom isn't too bad an entry point. Double bottoms, and upside down head and shoulders, are good patterns to look for also, although it usually means trying to hit a fast moving target. There aren't any blue chips showing up on my list.<G> My experience has been that the market tends to over react to bad news and if you add bad news to funds cleaning out their portfolios in December, the result tends to be beyond what is reasonable. A minor correction in the "dog" stocks I've been picking up over the last month or so translates into fairly healthy percentage gains. I'm not in love with any of them so it doesn't break my heart if I have to sell something at a profit. And I don't have a big enough investment in any of them where it's a big deal if they trade sideways for awhile. This seemed like a good thread where a person could get more objective ideas for value investing than the "I bought this for $40 5 years ago and now I hate everybody." commentary I see most places where there is any kind of fundamental value in a company. Sure would hate to own YHOO if they sold their assets to pay off share holders. Regards, Don