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To: James Clarke who wrote (4213)6/2/1998 1:32:00 AM
From: Jurgis Bekepuris  Respond to of 78568
 
James,

>Sorry, Jurgis, but I'm with Mr. B. (not Burry, Buffett)
> No tech stocks.

No problemo! You miss all the fun though. :-)))

Seriously, I'm with Mr. B. (Buffett) too. I think
I understand ASYT as well as NKE, maybe even better. :-)
I.e. I am not sure whether NKE will recover, but I
know that ASYT will. :-) NKE makes me rather nervous.
I think Mr. B (Burry) may be right and the bad news will come,
and they are not discounted.

Holding both though.

Jurgis



To: James Clarke who wrote (4213)6/2/1998 2:20:00 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78568
 
>No tech stocks.

Repost of my tech stock investing approach:

Executive version:

If you ask yourself, "Should I sell?" - You should.
If you ask yourself, "Should I buy?" - You shouldn't.

:-))))

Long version:

If you ask yourself, "Should I sell to take a profit?"
- You should.

But what if I miss the BIG run-up?

- You won't.
- Leave 50 shares in a sock.

If you ask yourself, "Should I buy?"
- You should... 20 points lower.

But what if I miss the GREAT BUYING OPPORTUNITY?

- You won't.
- Wait. Even GREATER BUYING OPPORTUNITY will happen
in... 3 months
- Buy 50 shares and get a night's sleep.

Jurgis