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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (6793)	4/16/1999 6:08:00 PM
From: Michael Burry	Read Replies (1) of 78565

Re: shorting amazon Near old highs are the best places to short - you have a built in exit. If it breaks through 200, I cover. Basically, it's like shorting a a stock at 19 that you think could easily fall to 7-10, but limit your loss at 20. In any case, now I'm playing with the house's money. I just made 30 points in a few days on a short of AMZN, and now I'm giving myself 12 to lose before I cover. Maybe it's not value investing, but the spirit is there. Mike

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