PSFT - 1999: The "Make-It-or-Break-It" Year? Message Board

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Technology Stocks : PSFT - 1999: The "Make-It-or-Break-It" Year?

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Oct 29 5:00 PM EST

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To: Mr. Aloha who wrote (354)	3/30/1999 10:50:00 AM
From: Michael Burry	Read Replies (1) of 1274

OT: Hey, I've been very wrong before. Calling an Oxford bottom at $26 was the worst. Calling Telebras a good value at $100 and the reasoning behind it was wrong. I've been right, too. On balance I'm right more than I'm wrong. That's why I keep 15-20 names in my portfolio. But I've realized that no matter how strong my conviction on any one stock, I can't control what it will do even over a couple of years. Seriously, if PSFT goes up, no sweat. I've been ranting about how undervalued Deswell is for years and it's only gone down. As a contrarian/value/small cap player in this momentum era with 15 articles, a web site, a popular SI thread, I get used to being wrong. Caveat emptor re: my opinions. That said, am I now unbiased? No, that's not my claim. My claim is that when I set out to analyze PSFT in the first place, if anything I had a positive bias because it had been so crushed. But is anyone here now unbiased? I admit to no worse crime than anyone else. JMO, Mike

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