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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote ()4/26/2000 12:26:00 PM
From: TwoBear  Read Replies (3) of 78954
 
A couple of topics. One serious, one funny.

What take does everyone have on the fact that the NASDAQ has had its 10 highest and lowest one day moves in this year alone? Do any of the historians remember if this same scenario occurred in other pre-crash markets?

Second, the following is an excerpt from the Yahoo ANF board (which explains it all). I couldn't believe that someone could actually think this one up. But, I thought it was funny none the less. The name has been removed to protect the innocent, I mean ignorant.

<<Go buy a T-shirt
by: ******* 4/26/00 11:13 am
Msg: 18444 of 18451

The quarter is about to end and the incremental sales from those shareholders that don't normally shop there could help the numbers look very good. For the older types that find the clothes too young, you can always buy their cologne to make the quarter smell sweeter.

I am a late entrant to this stock and am in at 11 1/2 and 11. I am only looking for a few short term points as the numbers uncertainty is cleared up going into earnings. Since my outlook is shorter term, I am also doing my short-term part in helping the numbers. I am buying well over $1000 in clothes there, but I am keeping all the receipts and will return these clothes in May after the quarter is over. I am too old to use them. Nice way to artificially kick up the quarter. Those that think longer term should keep the clothes.>>


Unbelievable,

Scott

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