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

To: Michael Burry who wrote (8101)	8/30/1999 7:18:00 PM
From: Madharry	Respond to of 78817

Maybe you are right Mike. a lot of stocks I thought would be well supported just dropped right through, others I though would move strongly have not. I have a suspicion though that some of this is game playing. This is the last day of the month and perhaps market makers etc. are taking things down and buying them cheap in order to sell them at higher prices to the regular folks returning after labor day. I noticed that all the electronic game stocks I looked at had positive days. THQI in particular. The discount brokers and Nite were all hammered badly, as were most of the internets. SWS is almost looking like a value play again, and is about where it was in April. I'm not a market timer so I will be waiting for sell signals on the specific stocks that I own, some of which I will probably ignore as usual.

To: Michael Burry who wrote (8101)	8/30/1999 8:59:00 PM
From: Shane M	Read Replies (1) \| Respond to of 78817

Mike, RE: FIC It's starting to get very interesting for me here. FIC is one I've been eyeing for a long time as a Buffett type stock, and I told myself to hold off given 1) the CEO resignation several months ago, and 2) the remarks I've seen in many places that banks in particular are going into the deep freeze for Y2k concerns and won't be implementing much in Q3 and Q4. But it's starting to look very interesting now. Technically (OK I admit it I look at the chart occassionaly) FIC is busted and I won't buy a falling knife here, but should a base develop - I'm in. I'm already at 38% cash and should've been at higher % had I listened and sold my CHB like jeffrey bash recommended, and like you did. Shane