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

To: James Clarke who wrote (5170)	10/20/1998 1:58:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 78817

Well I hope all you value investors are enjoying this. On backs of today's heroes Asyst and General Cigar (each of which I also bought more of when the market was down a bit over a week ago), the market's given me a 25% gain in 8 days, and I trust it's done the same or better for many on this thread. Small cap value stocks are just exploding, which is nice because it may get the tax-loss selling off our backs as the month comes to a close. The January effect this year could be potentially huge, as all the institutions that pressed our stocks down with tax-loss selling thus far get back in (at prices 50% greater than where they sold). This is the type of can-do-no-wrong phase that most of us value investors missed out on while the market screamed higher the last few years. It's nice to be participating finally, and to see some rationality in small cap value for the first time in the two years since the thread started. Good investing, Mike