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

To: James Clarke who wrote (5598)	12/29/1998 9:37:00 PM
From: cfimx	Respond to of 78751

punch this in on yahoo ^IIX quote.yahoo.com^IIX then buy puts on it. I can think of three events that together could mark the top. 1) what you said. 2) the guy who said amzn would go to $400 (in a couple years) and then have it ALMOST happen in a month 3) A certain someone showing up on Buffetology telling us to "look out for that Internet thing."

To: James Clarke who wrote (5598)	12/30/1998 12:24:00 AM
From: Michael Burry	Read Replies (4) \| Respond to of 78751

Speaking of "blue-blooded contrarian" can anyone here stomach a look at Japan? Here's a comment I pulled from Reuters: ''The fundamentals just aren't there,'' said Yasuo Ueki, general manager of equities at Nikko Securities, who believes the world's second-largest economy is all but assured of contracting again in 1999. ''It is not possible to be optimistic.'' I just don't understand it well enough, and am more likely to throw my next batch of money at Armin's UBB. But does anyone here, maybe a Whitman follower, have any ideas for playing Japan? Mike

To: James Clarke who wrote (5598)	12/30/1998 7:39:00 AM
From: valueminded	Respond to of 78751

James / Mike You might want to reconsider shorting the Internets. Not because they are not overvalued but for precisely that reason. I do not believe that anyone thinks internets are fairly valued. You would be hard pressed to make a case for 10% of their current value - which is precisely the problem. I believe that everyone knows this which is why the contrarian play (imo) is to sit by the wayside and wait till everyone says - hey these are reasonable values and generate some kind of cash flow model to prove it.