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

To: James Clarke who wrote (4646)	8/12/1998 10:14:00 AM
From: Michael Burry	Respond to of 78652

JOE's buying back shares! Finally. But even more attractive, FLA is now down to 25 (100 pre-split). It reported great earnings today, and is below the price JOE wanted to pay for it. Obvious value IMO. Another stock I'm watching is ADBE. I've been watching it since it started to fall from 40. Now at 25ish. Like with WWW, I'm patient. These kind of stocks will get creamed in a bear. But still it deserves a place on watch lists.

To: James Clarke who wrote (4646)	8/12/1998 11:26:00 AM
From: Bob Rudd	Read Replies (1) \| Respond to of 78652

I'm having a tough time with the idea of a major bear with rates well behaved and more likely to decline than not. Granted there are some love affairs with market leaders and NET stocks that are going to end badly...someday. But this is what a correction is all about. The stuff we look at on this board may have some tax loss selling pressure, but most of the "Correcting" here needs to be on the upside. Perhaps this is a good market to mix longs and shorts. Problem is rational valuation just doesn't seem to be working and with "value" stocks getting killed and highfliers still flying high, I'd like to see some evidence of rationality before betting long/short on valuation.