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

To: James Clarke who wrote (10795)	6/28/2000 2:57:00 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78519

No, AMZN is not a value idea. AMZN is a good long term short candidate. If you are playing for the stock to retrace some points - maybe many points - because it is sharply beat down yet it is a popular and well known stock (as well as being a co. with great name recognition) where you bet that people will come back into the stock, well that is an idea might work. Paul

To: James Clarke who wrote (10795)	6/28/2000 3:05:00 PM
From: Tomato	Respond to of 78519

Jim, How did you value Amazon? What's the margin of safety?

To: James Clarke who wrote (10795)	6/28/2000 3:10:00 PM
From: Madharry	Read Replies (1) \| Respond to of 78519

i was thinking that AMAZON might be an ideal short. I think someone once told me that if a company files for bankruptcy you never have to buy the shares back so it amounts to tax free income. Is that true? I don't see AMazon hitting profitability any time soon, if ever. I purchased a few more shares of ALSC under 27. i don't think it will stay there.

To: James Clarke who wrote (10795)	6/28/2000 9:30:00 PM
From: Michael Burry	1 Recommendation Read Replies (1) \| Respond to of 78519

Jim, that takes guts. Not to buy it. To post that you bought it. I won't buy it at all. I don't see a margin of safety, and I do believe margin of safety should apply in all cases. But on the other hand, I think we should all remember AOL when everyone was thinking it was little kiddies internet. Then it became baby boomer's internet all of a sudden and the stock was off to the races. When all those people were quitting the service, someone was looking at how few were quitting relative to how many people should have been quitting. That someone got rich. Visionaries can get rewarded, and I see your point on Amazon. But if baseball is a game of inches, then investing is a game of tenths of percents across the portfolio. And hence it is hard for me to justify buying a lottery ticket, which is exactly what Bill Miller does from time to time. Granted, the lottery is somewhat rigged in his favor by his design, but it is still a lottery ticket. Good investing, Mike