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

To: Terrapin who wrote (8260)	9/14/1999 11:00:00 PM
From: Michael Burry	Respond to of 78842

My take on Oracle: it was a screaming buy at 23-24, where I bought all my shares. I sold a portion at 36 9/16, and then sold the rest at 38 15/16. Reasoning: The stock was coming to old highs, and had moved tremendously well for me in a short period of time. I try very hard not to get greedy when I have big short-term gains in a touchy market, and Oracle was an example of me forcing the rule. Fair Isaac was an example of not enforcing the rule, and it round tripped from 34 to 45 to 26. My opinon on Oracle hasn't changed since I wrote this: valuestocks.net Mike