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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (5619)1/9/1999 9:30:00 PM
From: Michael Burry  Read Replies (1) of 78748
 
Well, tracking that Jan effect. My portfolio as posted on
my website was more or less my second experiment with playing
the Jan effect - just about every stock had the potential to
bounce. And it is happening. I'm up 9.50% so far this month.
Yeah, I know, Amazon.com has already nearly doubled again, and
anyone in internet stocks would be doing better than me. But
the Nasdaq is only up a little over 6%, and it's had a heck of
a run since the year started. So with my diversified portfolio
of relatively unknown, unheralded, huh-at-the-cocktail-party stocks,
I feel that my gain so far is real, and that the Jan effect is
in fact still working - so far. Just saying that yes the individual
investor can still benefit from this oft-heralded, oft-disparaged
phenomenon, and value investors are likely the ones most capable of
taking advantage of it, IMO.

Good investing,
Mike
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