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Technology Stocks : Vitech America tackles Brazil

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To: songw who wrote (58)6/23/1997 11:35:00 PM
From: Michael Burry   of 153
 
Songw,

Good call. Opens down steeply at - 4.5, then rallies back
to support at the 14 range within an hour and stays there
all day, tolerating large sells and buys alike. I'm not
convinced the world is falling apart here. Am I really
just being stupid by holding? I must admit management
makes me nervous, but I still believe in what they've
done so far re: establishing inroads in a competitive
business and having the foresight to ignore the US
market. If the numbers are fake then they're fake and
that's life in the stock market. The shareholders will
win a class action suit, and I'll get my $2.75 in the
mail like I did last time.

Good Investing,

Mike
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