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

To: Michael Burry who wrote (5662)	1/8/1999 12:56:00 PM
From: Tomato	Read Replies (2) \| Respond to of 78748

Mike/James, Can't remember which one of you liked Cyprus Amax, but thought you'd like to know that Byron Wien was on Charlie Rose last night with his yearly unexpected happenings predictions. He predicted that there will be inflation in commodities this year and recommended buying a bunch of commodity stocks including CYM, Reynolds Metals, Dupont, and others.

To: Michael Burry who wrote (5662)	1/8/1999 1:46:00 PM
From: valueminded	Respond to of 78748

Mike/James I disagree, fact of the matter is, the Fed has flooded the market (stock market) with liquidity. It will end badly. They will try to talk it down (I think they are trying to today) What a joke the holders of our long (5yr and up bonds) will recognize the monetary expansion for what it is and will not want to be left holding the bag. I know I sure wouldnt hold long bonds in this mess. You have to wonder why rates (long term 5+) are increasing when the fed is easing. Well, the money has got to go somewhere and since the increase in supply is double digits and the increase in production/consumption is low single digits, the rest goes somewhere. Sooner or later the rest of the world (holders of our debt) figure this out.

To: Michael Burry who wrote (5662)	1/8/1999 1:48:00 PM
From: Bob Rudd	Read Replies (3) \| Respond to of 78748

Mike: I started a tiny short position on AMZN today @188.5 and plan to add to it monthly in small increments, equal # of shares..an averaged short. The key for me is that the position is so small that I will never be compelled to cover even if Amazon passes Microsoft's cap on it's way back to $15 a share that it might be worth. I agree with your post completely and will not be shocked if Amazon splits and triples again [Last split was announced at 150 pre-split], but it will trade back to fair value and within 18 months IMO.