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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (11001)	7/27/2000 2:57:10 PM
From: Madharry	Read Replies (3) of 78689

Mike I only have two sad stories to tell you about holding on to stocks for 3 years and then selling htem- a friend of mine owned AMgen for three years when it was in single digits and sold it before it when on to become one of the two most successful biotech companies. I owned IMNX for 2-3 years, eventually sold it for a 25% gain. the following year it was the nasdaq leading gainer. BTW it looks like the tech world is coming to an end-alsc has sunk below 20. I purchased ICIX today at 19 3/16. It's yet another one of those business for free plays that have been going down of late. Paul Sr. has a position so if someone else jumps aboard it will make 3.

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