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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (3106)1/27/1998 8:58:00 AM
From: Michael Burry  Read Replies (2) of 78567
 
I just let my subscription expire. Well, it's good
to know that "somebody" is looking.

Re: GNT they just announced that they will do about 2.50 for
98, rather than 3.45 like the analysts still expect. This
tests my rule no. 3 (Beware of over-anticipating the market i.e.
wait for the downgrades).

We all knew that the analyst number that was still up was full
of it, and we all feel that the price has come down as much as
it has because expectations have been revised. It'll be interesting
to see where the stock ends up today - it trended down over the
last several days, and I'm sure the analyst downgrades will come
in the next several days.

Mike
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