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

To: Michael Burry who wrote (8480)	10/2/1999 6:07:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78594

Mike, what do you do when you buy a stock for a double in 1-2 years and you get "30% and 40% moves in some holdings in just a matter of weeks"? Do you sell some or all or wait to realize your expectation? If you sell some, why, if the expected additional return at that point is still competitive? A real life example: CAV could have been bought last week for 3 3/4 with a reasonable expectation of 7 1/2 in 1-2 years. Within a week it was up a third. At 5 it still has a good expected percentage return to 7 1/2.