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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (10636)5/22/2000 6:52:00 PM
From: James Clarke  Read Replies (1) of 78946
 
Ambac I invested with no thought of selling for two years 1996-1998 and the stock doubled. Since then I've been trading it. I buy below 50, double down below 45, then sell above 55 and exit above 60. That has worked several round trips. I am changing that strategy now - I've got my position now average cost below 50 and will sell half between 55 and 60 and hold the rest for a run to 80. This one is long overdue to break to new highs given the way earnings have been growing. There's always the chance of a takeover at 75 to make the decisions much easier.
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