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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (10971)7/21/2000 12:08:53 AM
From: James Clarke  Read Replies (2) of 78715
 
This net-net thing still works.

A couple net-nets that were hurting me have bounced back. After taking 25% of pain in my investment in HBI, all of a sudden it went back up over my $2 cost in the last week. And EBSC had a nice day today when management caved in to the disident shareholders. EBSC has been a big disappointment, but I'm only down about 10% below my cost. Recently sold BL for a nice short-term profit, and SYM is ticking up quite nicely from my 3 3/4 cost (that one is still a screaming buy in my opinion). GTSI I got the bottom, and every so often it pops 15% and gives me a chance to sell some shares. I hold half my position now to sell on a bigger pop or to take back to a full position at that magic 2 3/4 level where the stock always seems to bottom.

Of these, I would buy SYM aggressively at the current level if I didn't already own it, with a price target of $6-10.

If you're still holding BL, I think you really need to think hard about the news that is destroying Federated Dept. Stores (their Fingerhut sub is killing them and that is the closest comp to Blair).

GTSI just put in a limit order for 2 3/4 if it starts testing that level again.

EBSC I am looking for an exit, though it has held $4 tenaciously so downside looks limited in the short-term at least.

I have found HBI requires nerves of steel - I still think this one has a reasonable probability of a double or triple, but boy is it hard to own.
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