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

To: Investor2 who wrote (8362)	9/24/1999 9:10:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78915

How are the value investors faring during the recent downdraft? What I've noticed lately is that value stocks will ultimately wither with the market when the market gets a bearish streak, but will not snap back with the rally. Earlier this year, that wasn't the case. This is what happened last year, when small value stocks kept getting pressed down with market swoops, then didn't rally when the market jumped. Over time, it got ugly. I did ok yesterday, down about 1/2 as much as the market. But things came apart today and I'm down 5 times as much (thats 1.8%). (Thanks, Deswell - again.) I think this is what got the Lindner guy fired. The market ain't out of the woods yet, though. Tiny battle lost, war ongoing. Mike

To: Investor2 who wrote (8362)	9/25/1999 1:31:00 AM
From: Paul Senior	Respond to of 78915

Hi I2, regarding how value investors are fairing. I separate that from how value stocks are fairing. I assume value investors are fairing okay. A broad-based decline has not occurred (yet) to destroy the years of building up gains (and taking profits) in value stocks, imo. The scariness of the market is tempered by the many great buying opportunities that are out there now. Specialty chemicals (coatings), for example, being one such area with which we share a common interest :>). Paul Senior