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

To: Michael Burry who wrote (10687)	6/2/2000 10:51:00 PM
From: James Clarke	Read Replies (2) \| Respond to of 78476

Yeah, Mike, we are positioned very differently. I am holding more cash than I have held at any time in the last year. I am even selling REITs. I am tempted to short techs, but I got burned so badly doing that before (even though the two stocks I was short fell 80 and 90% - of course that was after they hit my stop loss point for about five minutes, enough for my trades to happen.) No mas. You might want to pick up a copy of John Neff On Investing. Nothing profound or groundbreaking, but a wonderful read. And Mike, John Neff may be even more contrarian than you. Its close though. He likes to say he "would argue with a signpost". In that spirit, UCR should work out quite well for you.

To: Michael Burry who wrote (10687)	6/3/2000 10:31:00 AM
From: cpabobp	Read Replies (2) \| Respond to of 78476

Sorry Mike I'm half way between you and James. Sold 1/2 positions in INCY, SYMC, NITE yesterday. Added to my small position in AINN on thursday. I believe that AINN may be a good tech value play. They are extremely profitable, have had an agreement to sell products through Lucent. And most important, it's another Ohio company that I've had a chance to visit. :) Also, I am personally holding off purchasing more until it pulls back a little. The last 2 days of NASDAQ action were a little to strong for me to believe profits won't be taken soon. I'm just curious if anyone has better insight than I on a situation from Friday. Cendant closed at 4:00 around 13, but at 4:18 an after hours trade came through for 500 shares at 10 1/2. Was this just some bonehead that put a market sell order in that somebody took advantage of? Or is there some possible other explanation? Note: I do hold a position in CD at $13. (how could I possibly pass it up at a price they haven't seen since the accounting problems, as I see it, it can't get much worse than that).

To: Michael Burry who wrote (10687)	6/26/2000 4:03:00 PM
From: Wallace Rivers	Read Replies (1) \| Respond to of 78476

Somewhat OT: Mike or anyone else: I know you say you don't spend time watching the actions of SYMC, but it has gotten pounded today, and it is down almost 20 points in less than 2 weeks. And, no news. It's the quiet period, things seem real positive, but somebody wants out in the worst way. The only thing of note I can find is they lost out in some competition in PC World for awards for utilities software. IMHO, not a big deal, but someone doesn't want this stock. On another front, I'm beginning to look at GPS - a beaten up, extremely high quality retail name. Seems to rise with regularity prior to Q4 (calendar), as do a lot of retail stocks.