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

To: valueminded who wrote (4500)	7/26/1998 10:55:00 AM
From: James Clarke	Read Replies (2) \| Respond to of 78747

So far I have been very wrong on NH. I'm just holding onto what I bought at 19 1/2 and trying to forget about it.

To: valueminded who wrote (4500)	7/26/1998 2:19:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78747

Re: NH, value investing I bought in a small position at 23 and change. There was relative and absolute value there by every measure I could find, both within the industry and compared to the whole stock market. It fell through 23 support on high volume, and has kept falling, along with the rest of the industry. I committed to double my position at 60% of my original position. So that's about 14. I have no illusions it won't get there. I believe that as bad as the relative disparity between value investors and go-go investors has been the last three years, it has increased an order of magnitude since late Spring. Certainly a gut check for value investors everywhere. Good investing, Mike