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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: James Clarke who wrote (7455)6/7/1999 10:41:00 PM
From: Michael Burry  Respond to of 78656
 
Maybe you get your buy at the old lows, Mike. Today proved there are still marginal shareholders out there who will sell on old news - the stock is not totally washed out.

That these shareholders would sell is not surprising. I got in at 22ish and sold at 26 1/2ish because the move basically happened on the mattel.com excitement without any other noticeable change in fundamentals. You got a whole influx of weak shareholders on that one.

Mike