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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (6797)	4/16/1999 7:58:00 PM
From: Michael Burry	Read Replies (2) of 78530

Oh, I know there are. Remember I used to trade futures. I know how many people follow TA and the blips they can cause. Pretty strong forces will be selling into 200 as well. IMO there hasn't been enough basing at this level yet for a true launch through to new highs given the horrific fall from 200 last time. And remember there's a contingent that will be selling into all the idiots "buying" on the breakout. We'll see. I think with shorting there has to be an element of technical analysis. Like I said it's the house's money, and I'm just having fun with it as a tiny part of my holdings. I just want to look back at this twenty years from now and say I came out ahead shorting this thing. And that internet analyst who upgraded them today is simply gunning for publicity with targets he knows he can't justify. Blodgett became an overnight sensation with his, so now this guy comes along. Mike

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