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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (4254)	6/10/1998 9:11:00 AM
From: valueminded	Read Replies (1) of 78595

Mike: A couple of questions for you and others on this thread. Is there value in knowing if your portfolio correlates to the DOW or NASDAQ market indices? If so, how do you establish a correlation, if not why not if we think the indices in general are waaay overvalued? Correlary, if we want to be contrarian our portfolios shouldnt correlate with the averages, than we should be afforded more downside protection and more upside potential - in the long haul. In the short term, the momentum stocks will always look to beat us. (or me at least) In terms of your investment in IFN, while its never too late to sell, our tendancy is to get caught in the short term moves.(a day, a week or a month even) A way that has worked for me (actually lifted from following M. Burke on the Ask M. Burke thread) is to treat investments in stages. If I like IFN or ROC than I buy 1/3 ($value) of what I want, if I still like it weeks later and the price has dropped by 20% I may fill in a little more - it tends to average out the nuclear bombs in my portfolio. The same also applies if it goes up to fast.

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