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

To: Michael Burry who wrote (8216)	9/11/1999 6:33:00 PM
From: Paul Senior	Respond to of 78816

Mike, Grommit, others: re: SVR: Is there ever a time for SVR, and is that time now? SVR: near lows since public, 6 1/2. BV=11. pe=4. Insiders buying. Much cheaper than competitors too. Grommit posted links to public companies: Subject 25844 Mike posted the danger: techstocks.com Looks like for me, pass on it. Y'all have any opinion now? Paul

To: Michael Burry who wrote (8216)	9/11/1999 11:50:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 78816

Mike: My number one priority right now is to read the "Art of Short Selling" by Staley one more time. I am not short anything right now, but ache to do so, if I can do it right. 80% of my trades are short sales. The bull market has created a huge number of opportunities - not because the market is over-valued, but because the mania produces enough greedy fools to make obvious scams successful. For example, in July I shorted Uniprime UPCA. Stock quadrupled in a day when they said they had a cure for AIDS. Uniprimes main business is auto dealerships, I kid you not. CEO in jail now. How about FSTW, which I owned long for 18 months until the day they said they had a deal to sell their enterprise software to Microsoft. Stock ran from $1.50 to $9 in a day. The deal is that a 100 employee unit of MS did buy the product, for internal use. Value of deal $100,000. How did I find out about these things? I am a member of Anthony Elgindy's private membership site. anthony@pacific.com 150 people working together to find facts fast on the big movers of the day. Current opportunity - Amplidine. Check the thread here. Stock has gone from $3 to $16 in 2 days - now $12. It is the twin brother of Value Investing, Un-Value Investing. peter

To: Michael Burry who wrote (8216)	9/12/1999 1:43:00 AM
From: James Clarke	Respond to of 78816

We don't usually do this on this thread, but two of the posts I just read made me think so much that I just want to repost both, with full credit to the authors, just in case anybody missed them. This is the kind of thing I print out and post at eye level above my desk at work. Thanks Mike and Jeff. Mike Burry (re: HRC's plunge days after he bought it) <<When a stock trickles to a new low, despite the fundamentals I'm going to exit. The reason being it can turn into a New Holland, Deswell, Fruit of the Loom or Champion, and a screaming bottom might be in the works later. But when a stock falls 40% through its old lows in one day on 35X average volume with 8 broker downgrades, a technician would be paralyzed and sell. A value investor would find it an opportune place to buy if the original fundamental story is intact.>> Jeff Bash (re: my experience having an internet short run 40% on me in a half an hour, and I shorted more because I physically felt the "kick in the gut". I mean it, I was almost sick. I posted a much more detailed message, which Jeff apparently caught, and then had second thoughts about posting that publicly and diluted it significantly.) Jeff: <<I know myself that the hit in the gut feeling is always a contrarian indicator. The only one better is the "I don't care, I have to get out, I just can't take it any more" signal, which unfortunately took me out of (instead of into) some stock at the bottom last Fall.>> JJC