Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Burry who wrote (10902)	7/9/2000 11:30:25 PM
From: peter michaelson	Read Replies (2) \| Respond to of 78468

OFF TOPIC Michael, that was a very gentlemanly post. Thank you. I can truthfully say that I have enjoyed pretty good success shorting these last 3 years, although, Amazon did help me hone my technique a bit - lol. Shorting has provided most of my trading profits - better than longs as I can't buy into the Momentum thing. Pretty much the only longs I do are ones mentioned on this thread. By the way, who do I see to be compensated for my losses? I do see that shorting is a completely different topic from 'Value' Investing. You guys should capitalize the latter phrase or put a trademark symbol after it. To this thread, the term means something quite specific, at variance with general usage. It is different, because a good short is not just a bad Value Investment. It will have many other characteristics before being a good short investment. On the topic of shorts being limited to a 100% ROI, that is certainly true. However, the % of successful investments is much higher when shorting, at least for me. What Anthony@Pacific has taught me is how prevalent outright frauds are in the securities markets, (NTOP not being one of those as he so accused, in my opinion). A few that are in play currently are COII, CYBR, ZERO and ENC. In any case, shorting is a seperate topic from Value Investing. I very much appreciate the civilized tone that has survived here on this thread, not to mention the intelligence, open-mindedness, and humility. Peter

To: Michael Burry who wrote (10902)	7/9/2000 11:50:58 PM
From: Craig Bartels	Respond to of 78468

Mike, You know, I had never had an interest in short selling until I finished reading the 1934 edition of Security Analysis last November. It really freaked me out how much things are alike now and how they compare with the speculation in the market before the crash. History always repeats itself, I really think the market is overpriced, figured adding some shorts could protect myself from the inevitable downturn. I was proven correct when the market dropped from 4,000 to 3,000, and all those high flying overpriced stocks I was short came back to earth with a vengence. Thanks for the vote of confidence. On another note, I believe you had mentioned in the past you were watching the housing stocks. Are you still interested? I have been in and out of DHI and CROS over the past 6 months, just can't resist getting out after quick 50% runups several times. CROS looks interesting right now, as does NHCH, but the low outstanding float bothers me. Some Olymia company bought 80% of the outstanding shares, and the company seems pretty tight lipped about everything. chbartel