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: jeffbas who wrote (4249)	6/9/1998 11:07:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78593

Re: BMC, I'm learning a lesson. On this one, I got out when it broke to new lows in the 15's. On Oxford and Swisher I wasn't so lucky. Buying in the area of the first big break is turning out to be a riskier contrarian move than I thought, even with big buybacks and significant insider buying backing it up. I am not sure about BMC at this point. There are people who claim to be employees over on the Yahoo thread who seem to be calling it right, and they still say it's a stinker. I'd hate to be scared off by that, but would it be just as stupid to ignore it? While I figured they could have even no earnings this Q and it wouldn't phase me, I certainly didn't expect the line shut downs, and with their spanking-new debt/equity >1 it's hard to pin down a fundamental floor. Another lesson fresh from my pocketbook - when your investment sets off a nuclear warhead, it's never too late to sell. Down 25% and counting in the India Fund. Good Investing, Mike