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


To: Daniel Chisholm who wrote (7914)7/31/1999 12:33:00 AM
From: Michael Burry  Respond to of 78783
 
Great post Daniel. Thanks.

Mike



To: Daniel Chisholm who wrote (7914)7/31/1999 1:19:00 AM
From: Shane M  Respond to of 78783
 
****sortof OT - shorting******

Daniel,

Assuming options in your bankruptcy candidates are available, do you consider opening any of your short positions as Puts (or sell Calls)? In practice, why would you prefer/dislike an outright short vs. an option position?

Thanks for comments, Shane

BTW, bears are coming out of the woodworks. Not just here but on many threads.



To: Daniel Chisholm who wrote (7914)7/31/1999 2:29:00 AM
From: peter michaelson  Read Replies (1) | Respond to of 78783
 
Daniel:

I've been very bearish since the summer of '96 Don't feel bad, I've been bearish since 1989!

By the way, although my interest in it has wavered, I used the arbitrage short to great advantage in closed end country funds for two years.

Personally, I don't understand how value investors can not short in this environment. This environment allows for the scam companies, which are the best shorts. In a bear market, those companies can't even get started. This is why so many of the very well known personages on SI are shorters. It's their track record, silly.

peter