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

To: Mike 2.0 who wrote (8323)	9/21/1999 12:17:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78842

MOO, Re: ANLY, I actually bought back in today at 10 1/8 after selling when it started to crumble last week. The price to me discounted this news when it fell from 30 to 14. The extra push down to the current level is just disgust. But we all knew this was happening - just as we all know things will improve when Y2K passes. We still have decent insider buying at prices above this. It may be dead money, but sometimes the wait (e.g. Midway) can be worth it. It also may go back to its old lows, at which point I'd buy a little more. This was predicted by the price action last week. I also bought Crossman again after it dived 4 points from my sell price just a few days ago. Ross (another buy and sell for me) continues its fall, as does Mesaba, Washington Mutual. I've got targets to buy Ross in the low 30s, and Washington Mutual in the high 20's. There's credence to support levels and their relevance. Did anyone else notice MO's general counsel selling a large portion of his shares. Does he know something we don't? That alone is keeping me out of MO and LTR right now. Mike