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

To: Michael Burry who wrote (9841)	2/1/2000 8:03:00 PM
From: sjemmeri	Respond to of 78470

The previous post was assuming that it goes to 0 but I'm not really assuming that. Even in a worst-case bankruptcy scenario where the stock does eventually end up worthless, it often retains some value for a long time as the situation works itself out. E.g., IRID, where the handwriting was on the wall for a very long time yet the stock still traded above $5. Also, I'm buying for the first time but I can imaging that if I'd been holding on the way down, I'd have that 'punched in the gut one too many times' feeling.