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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (5662)	1/8/1999 1:48:00 PM
From: Bob Rudd	Read Replies (3) of 78742

Mike: I started a tiny short position on AMZN today @188.5 and plan to add to it monthly in small increments, equal # of shares..an averaged short. The key for me is that the position is so small that I will never be compelled to cover even if Amazon passes Microsoft's cap on it's way back to $15 a share that it might be worth. I agree with your post completely and will not be shocked if Amazon splits and triples again [Last split was announced at 150 pre-split], but it will trade back to fair value and within 18 months IMO.

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