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Gold/Mining/Energy : Titanium Metals Corp (TIE) -- Ignore unavailable to you. Want to Upgrade?

To: KLH who wrote (95)	6/21/1998 1:01:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 229

This looks like the semis in 1996. Like SMOD or SFAM when they got cut in half despite growth and then went on to quintuple and then some. I'm a net buyer here (my cost is 25 now), so I hope it continues to fall. The stock is falling for lack of buyers due to bad general industry news as well as just pure momentum once we broke the 25 support. Company-specific issues are much less worrisome, and the company is positioning itself for less cyclicality in the long-term. I see a lot of frustration among TIMT shareholders, so it may continue to spiral downward as they sell into a general market decline, but it's already an absolute value that will become more, not less, valuable with a price decline. Mike