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

To: Michael Burry who wrote (7705)	7/9/1999 7:17:00 PM
From: jeffbas	Respond to of 78510

On games, Mike, I think we should be watching for a 1 point selloff on MWY earnings for a possible additional buy point. I still think we have a long way to go there.

To: Michael Burry who wrote (7705)	7/9/1999 8:23:00 PM
From: James Clarke	Read Replies (3) \| Respond to of 78510

Re: SLOT Don't overreact to a move in either direction of three or four dollars in this stock. It is volatile. If you believe my valuation of $70-100, own it. If not, don't. Either way, ignore the volatility - you'd be much better off spending your time understanding the economics of the business. The first month I owned this, I was watching every daily move. Don't bother. When it does what I think its going to do, it will be at 65 before you can blink. I don't know when that will be, but I reiterate that you should buy this stock under 50, but don't take my word for it - its all laid out for you in their 10-K. JJC