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

To: James Clarke who wrote (8251)	9/14/1999 1:44:00 AM
From: Michael Burry	Respond to of 78814

Re: Crossman, it's a stock well off its lows, and its lows were last fall, below book value, so your observations certainly seem valid. When I'm buying it, I'm betting that we are at a nadir in sentiment on homebuilders. That may not be the case, and the interest rates (which are very much out of my control and predictive ability) will dictate that to a large degree. I can choose to exit when it breaks 25 or 20. Or I can hold, hold, hold, and crucify myself on it like I did with Deswell (yep still got it in all accounts). If it does fall, I hope it spares me the grief and just crashes quickly to 15 so I can just buy more. Mike