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

To: Michael Burry who wrote (9331)	12/16/1999 9:53:00 AM
From: jeffbas	Read Replies (1) \| Respond to of 78517

I understand your selling strategy on CTX and pushed this thread hard on selling CHB. However, I think here you have to consider two factors. The first is yearend tax loss selling. The second is rising interest rates. People sell housing stocks in knee-jerk fashion if you have an uptick AND if the trend is toward rising rates. I frankly think we are far from any material impact on their results. To me this means that you could have a large bounce anytime rates take a small dip. However, as long ar rates are in a gradual cyclical uptrend, I think it will be more of a trading stock than a long term investment. I'd start buying near 20-21 - 20% below insiders buying level.

To: Michael Burry who wrote (9331)	12/16/1999 9:12:00 PM
From: James Clarke	Respond to of 78517

re: Crane. I'd take a good look at the spin-off too before dumping it, because everybody is going to be dumping it. I thought it went ex today. Maybe its at the close today, meaning tomorrow Crane drops two bucks and you get shares of Huttig. I haven't been able to get a prospectus yet, but I think there will be an opportunity here.