Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Burry who wrote (8471)	10/2/1999 12:38:00 AM
From: Broken_Clock	Respond to of 78565

Thanks Mike. I had already sent in a buy order for the open on Monday. I like stocks that pay a dividend. Better yet a food stock. People gotta eat. For the life of me, I couldn't see the reason for the abondonment of Flowers except that the herd mentality for "2nd" tier stocks is not buy and hold in this market. If it doesn't continue straight up like QCOM...dump it.

To: Michael Burry who wrote (8471)	10/2/1999 12:50:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78565

The long knives came out on Mattel today (16 7/8). We are now well over 50% down from the high, with recent insider buying. Today we saw an extreme price move on pure speculation about the third quarter. There are a lot of scary rumors flying around. The company has said nothing, and the top analyst on the stock is digging in, saying if the company misses the third quarter it won't be by a significant amount and that U.S. business is pretty good. Big volume today, and it looks to me like a panic sell. Not that it can't go lower, as panic selling begets more panic selling in a market like this. But Mattel is a name that many investors of all stripes watch. This stock is way too conspicuous to drift down indefinitely like other stocks are doing. Yesterday when I added I did not have the "punch in the gut" feeling. Today I did. Mattel is a buy. I added to Mattel too early, but will add more. Also adding to Ambac and Clayton. I agree completely with Paul Senior's statement that there are some entire sectors out there (insurance, housing to name two) which have been absolutely flogged by investors. If you buy quality names in these sectors, I agree with Paul that you will be quite happy two years from now. JJC