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

To: Michael Burry who wrote (5620)	12/31/1998 10:32:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78748

I see, and I hope this tactic works. Since I'm riding with you on some of those stocks - ELAMF, TIE, LHO, UBB, MWY -- and I believe I purchased most, if not all, at higher prices than you-- I surely would like to see a bounce too. Not sure a bounce would get me into plus territory with these, but I hope we get that bounce nonetheless. My screens show that today's market action was very positive for a large number of small cap stocks. Lots of green-on-da-screen. This is also reflected by some of the posts here, and in other stock-specific threads which I am reading. So maybe we will see a continuation - bounce- in the next few days. re ELAMF: Man, IMHO, if ever a stock deserved a bounce it would be this stock. Low valuation or discount because it's a Mexican company -- that I think I understand and accept. But at current price- either the company is teetering on the brink due to some yet-to-be-explained cause (somebody knows something and is selling), or else value investing only applies north of the border. That's my opinion only, but jeez, even Paul Klemencic has bought -- and he --like Jim C and Warren&Charlie -- NEVER misses. (Again IMO -g-). Not touting the stock (or Paul or Jim -g-, and not to slight Ron Bower or the other value guys who've bought)-- just venting an ELAMF stockholder's frustration. Anyone reading this thread for a while has come across ELAMF and had a chance to evaluate for themselves. So far, avoiding it has been the correct choice. Ah well, '98 is history now, time to reset and start afresh. Looking forward to a better '99...Paul.

To: Michael Burry who wrote (5620)	1/1/1999 11:01:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 78748

If you believe in contrarian plays and the likelyhood of January bounce of beaten up stocks, then review sunbeam(soc). Have to believe Thursdays bounce caused by the oversold factor. On a different subject, I dont believe thread has ever discussed buyout value plays. In particular I am intriqued by Carr Gotstein(cgf). Safeway has resources so financing is not problem. Also believe the deal should pass regulatory muster. If completed in late April the 12.5 cash buyout represents an annualized yield of about 40 % compared to 11 dollar price. I have positions in both cgf and soc. Final point on the amzn short discussion. For the less ambitious(ie greedy) a short sale and short put will let you sleep better and will provide a small modicom of staying power should the stock re assume assent.