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

To: Michael Burry who wrote (8365)	9/24/1999 12:32:00 PM
From: Daniel Chisholm	Read Replies (1) \| Respond to of 79172

Microsoft would like its stock to dip significantly every so often. For what reason? To save on their stock buyback program, to establish a lower price level from which to grant options to their employees, or another reason that I have not thought of? - Daniel

To: Michael Burry who wrote (8365)	9/24/1999 4:57:00 PM
From: Madharry	Respond to of 79172

Color me stupid but encouraged today. For the 3rd time this year I tried to purchase an IPO. Thinking that after yesterday many might be shell shocked. I put an order to purchase ATON at 25 1/8 when it was IPOed at $19. I was a little low. It opened at $45, at which point I cancelled my order and forgot about it. I think it closed around $70. I conclude from this that speculative fervor is far from being washed out and have confidently purchased more of my mutual fund hedge. I am also encouraged by the fact that not one person of the many I have heard on TV has said "sell everything now and go to cash" Everyone is saying we have to wait for the next catalyst. I wonder how many of them are quietly raising cash to prepare for the liquidating investors? The popular radio is talking about what a horrible week this was. Gee the market are only down 5%, I wonder what these guys will be saying next week? PS. I am still an predicting a rate hike for OCtober. Got to do something to keep those foreign dollar investors happy before they start heading for the exists too. ALso one thing nobody has mentioned this week is that AG watches the price of gold very very carefully.