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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (91934)6/26/2012 4:59:08 PM
From: dvdw©  Read Replies (2) | Respond to of 217587
 
didnt call him a mouthpiece, hope you know that. Respected his message but maybe not a great place for it, as the audience, graduates of many different schools, might not have gotten much useful from it.

Drama majors & chemical engineers etc , are ready to be fired up about the prospects for themselves on that Special day...the message appeals to us as we are all plugged into the subject....perhaps it inspired someone or many to expand their own compartment to the message contained in that awareness...

cant really know, its real effect.

hope to meet him soon.



To: Snowshoe who wrote (91934)6/27/2012 12:38:03 AM
From: Brian Sullivan  Read Replies (1) | Respond to of 217587
 
Michael Burry:
Member 690845

Here is a sample gem:

To: jeffbas who wrote (10780)6/27/2000 1:47:00 AM
From: Michael Burry2 Recommendations

As you know, I have a simple philosophy: sell on new lows.
There are two reasons for this:
1) Many people do this. It's a self-fulfilling prophecy. I try to do it quicker.
2) If I know something is a fundamental value and it breaks to new lows, the selling is irrational by definition and I don't want to be in the way of irrational selling. Better to wait for the buyers to show where they are willing to step up and give support.

I suffered for several years trying to be stubborn in the face of irrational selling and all it got me was a lot of 50% haircuts on stocks that had already been too cheap. One of the biggest lessons I've learned was that PE 8 stocks can become PE 4 stocks and stay that way for a long time. AT&T's long-distance business is getting close to trading for 1X EBITDA, yet everyone looks at it like this big albatross around T's neck. Maybe in the future I'll get the long-distance biz for free. All we need is another $15 billion in lost market cap.

That said, I love your rhetorical questions. Why do you think AT&T is getting hit?

Mike