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To: Christiaan McDonald who wrote (6945)2/8/1999 7:32:00 PM
From: The Ox  Respond to of 21143
 
Of course we are. But I'm not sure they have the same long term goals that I (or you?) have. I am concerned that they have short term interests, not long term investments. I hope my fear is just that, fear and not reality.



To: Christiaan McDonald who wrote (6945)2/8/1999 7:38:00 PM
From: Goodboy  Read Replies (2) | Respond to of 21143
 
Sorry, but I disagree with that assertion. First of all Soros position has been static for most of the last 4 quarters. The buying is coming from White Rock (which has Soros money, but is not run by Soros). White Rock is run by the Barton brother. They were one of the best known short sellers in the 80's and early 90's. Several years ago they started going long finding small to mid size companies. The only stock that know about that they and Soros bought that did not hit the long ball long term is Data Dimensions (DDIM). They bought over 10 percent before the stock broke the $5 to $7 range and started selling in the 20's before the stock peaked at around $30. It has traded between $6 and $11 over the past months. They sold most of their position.

These guys haven't even begun to make money in this stock yet. Not trying to speak for them but, it seems they view this as the beginning, not the end. Many investors followed these guys into stocks such as Igen. We shall see.



To: Christiaan McDonald who wrote (6945)2/8/1999 7:43:00 PM
From: The Ox  Respond to of 21143
 
To add to my previous post:
I get concerned that people make too big a deal out of Soros' investment while he's adding to a position and then when they see any reduction in his position it gets used as negative fodder. As long as they are on board, I will have some concerns which I hope will never be justified.