Moon Kil Woong's  Instablog

I am not a lover of buying stocks that have had 20-30-50-or 100% runs up on. Especially in a market like this. Because of this I can't really add to my CAT or XIDE holding.

Recently I bought two very decent stocks that have yet to run up significantly. DHR and AMGN. DHR is a conglomerate with decent management and an aquisition strategy which hasn't participated in the run-up but has not melted down either. I suppose stability doesn't pay as much as blind reckless business models in this run-up. AMGN is a laggard in the pharma area due to lack of recent wonder drugs. It's osteoperosis drug should get approval soon which will help out but the main issue is that it's revenues are acceptable as well as it's gross margins. It is not a sexy stock, but that's why it's still a good value.

So why haven't I added to SYT which has only moved up marginally. Actually Cramer is absolutely wrong in saying farmers will not pay for good seeds before paying for other things. Good seeds add to grop yield and often add to the price they can sell their crops for. Although I'd like to buy more just to spite him, I prefer diversity when I see multiple good values.

Which leaves my laggard, IXYS. Although I was recently dissapointed in their drop in sales, I still like exposure in this field and will look to buy at a lower price once management becomes confident that sales will accelerate again provided the price does not rise accordingly. All thinks in life are not certain and even i am fallible (although I still feel that I will do ok holding this position in the long run). 

I appreciate people who are interested in my positions and welcome any rational feedback or opinions on them. If you wish to buy any of these I suggest you check up on them thoroughly. I completely hold to the view not to take other people's word for the responsibilities in investment I should do myself and advise others to hold those views as well.

All other holdings of mine predate disclosure on Seeking Alpha, thus I will only feel the need to disclose them if I should decide to comment on them in the future.