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Strategies & Market Trends : Value Investing

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To: Daniel Chisholm who wrote (9206)	12/10/1999 12:43:00 AM
From: Michael Burry	Read Replies (2) of 78595

OT: Daniel, You guessed it. My friend's stock is Corel as well. His price target rises every day. When it was at $6, he was targeting 9. Then at 9 it was 15. Then at 15 it was 30-50. Now it's 150-200. He keeps averaging up. Bought more today at $42. Now his average price is around $13, and he's got a million dollars worth of it. I stopped resenting him a couple days ago and am now just cheering him on. I hope it goest to 150-200 for his sake. BTW, another Silly Valley fairy tale: A father has two sons aged 2 and 4. He buys equivalent amounts of one stock in each kid's account. One got Corel at a very very low price. The other got another stock that is up a little bit. Now the 2 year old is worth $300 grand. The 4 year old $14 grand. The father? His biggest stress in life now is how he'll ever explain to the four year old how unfair life can be. Of course it's no simple fairy tale. It's true. And two people from my med center just won the lotto and are splitting $4 million apiece. These are interesting times indeed, Mike

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