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Non-Tech : BMC Industries

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To: bananawind who wrote (323)	5/22/1998 12:41:00 PM
From: Michael Burry	Read Replies (1) of 359

If the stock price is falling on high volume and I think the market is overpriced, then yeah, I'll move to the sidelines if I think the stock will get cheaper. BMC had been falling on low low volume. Then the volume picks up. Then it picks up even more and falls through it's low over the last few years. So I got out. Now it's at even higher volume and falling even more. I'm a fundamental analyst, but I don't discount that the price action can mean something short term, and I firmly believe in support levels. That puts me on an island, but if it works, who cares if there's no books on it. Good Investing, Mike

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