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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (7956)	8/4/1999 5:34:00 PM
From: Michael Burry	Read Replies (2) of 78825

Congrats to the thread. Probably one of the only active threads on SI where one can bet that 100% of its members are NOT suffering from the internet meltdown. According to TheStreet.com, the market is finally being driven lower by margin calls. As Cramer puts, it, it looks like the margined traders have "forgotten" how to sell, and the inexperienced online brokers don't know how to react, creating chaotic margin calls and brewing terror out of fear. This could get really messy. Clayton Homes, Champion making new lows. Stocks that have been falling continue to fall. What would be really interesting is to see when the insiders start buying the internets. mike

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