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

To: jeffbas who wrote (3533)	3/19/1998 2:25:00 PM
From: Michael Burry	1 Recommendation Read Replies (2) \| Respond to of 78516

That's a limitation of the rule. But my logic is 1) It removes my emotion and greed from the sell 2) I should be happy with 50%/year, let alone months 3) I am not selling everthing - I still own half the number of shares, which is 75% of the original monetary investment. 4) It reduces the volatility of the portfolio as the the portfolio becomes less top-heavy. Personally, I feel very satisfied knowing that I've got the gain, a loss is unlikely, and there is still money working in the stock. BTW, I am really interested in HWP, and am looking to buy next time it touches 60-61. I see a business at near fair value, but with a proven history of growth, a diverse base, judicious use of debt, 20% ROE, and a stock that has done nothing for about a year. PE is 20, but I would be looking at it as a Buffett-like long-term hold. Any opinions? Good Investing, Mike