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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (10687)6/3/2000 10:31:00 AM
From: cpabobp  Read Replies (2) of 78858
 
Sorry Mike I'm half way between you and James.

Sold 1/2 positions in INCY, SYMC, NITE yesterday.

Added to my small position in AINN on thursday. I believe that AINN may be a good tech value play. They are extremely profitable, have had an agreement to sell products through Lucent. And most important, it's another Ohio company that I've had a chance to visit. :) Also, I am personally holding off purchasing more until it pulls back a little. The last 2 days of NASDAQ action were a little to strong for me to believe profits won't be taken soon.

I'm just curious if anyone has better insight than I on a situation from Friday. Cendant closed at 4:00 around 13, but at 4:18 an after hours trade came through for 500 shares at 10 1/2. Was this just some bonehead that put a market sell order in that somebody took advantage of? Or is there some possible other explanation? Note: I do hold a position in CD at $13. (how could I possibly pass it up at a price they haven't seen since the accounting problems, as I see it, it can't get much worse than that).
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