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

To: Bob Rudd who wrote (7229)	5/20/1999 8:52:00 AM
From: jeffbas	Read Replies (2) \| Respond to of 78476

Thanks, Bob. COO is a wonderful example of how INEFFICIENT the market is. The company missed two quarters in a row primarily because of TEMPORARY earnings problems related to shifting global manufacturing of products around. There were also fears of adverse impact of new players in their markets, where they are a market leader -- unrealized to date. The stock also points out another problem that we have in these small cap stocks that Mike knows about on NH. On the way down from $52, I started buying more COO in the low 20's and bought small amounts many times all the way down to $13. But I did not buy as much as I could have partly because after a while it is very tough emotionally to keep going when the market keeps pounding you. That is a key issue with these kinds of stocks -- to stay the course, recognizing that some times you will be wrong, but not most of the time.