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

To: Michael Burry who wrote (6401)	3/22/1999 7:39:00 PM
From: Frank Heise	Respond to of 78507

Mike, In line with strange Brokerage actions. Just had a conversation with Fidelity Investments. Have been a customer for many years. They keep trying to get us to use their Net facility. Had started to use it occasionally; but, for the last few weeks could not log-on Password was rejected. They now say that I also must have their cookie on my machine and make it available to their program. Problem is they use the cookie facilities used by the IRS, Police, and every other scum-bag known to man. They said to not use the site if I have a problem. Everyone should have a problem!!! Just my opinion. Frank Heise, a lurker.

To: Michael Burry who wrote (6401)	3/22/1999 11:13:00 PM
From: James Clarke	Read Replies (3) \| Respond to of 78507

Bear Bear Bear! I miss that thread. Heard a couple of good quotes lately. On today's market "A bubble looking for a pin" And think about this one for a while. "History doesn't repeat, but it rhymes." This is going to end badly. Meanwhile, take a look at JRC. I'll be back to you on that one. I'm off to Vegas tomorrow to see a construction exhibition, research short ideas among casino stocks (wait three months) and to see if the blackjack table offers me better odds than the Nifty Fifty. I'm trying to remember, when you count cards are tens good or bad? (You know I like the odds in my favor) Wish me luck. JJC

To: Michael Burry who wrote (6401)	3/23/1999 9:25:00 AM
From: TAPDOG	Read Replies (1) \| Respond to of 78507

Mike- I viewed your portfolio and I see some overlaps with the small-cap value portfolios of Charles Royce. Have you ever looked at the closed end funds managed by Royce...FUND RVT OTCM... They seem to me to be made up of the usual suspects of undervalued (under-performing) stocks talked about on this thread. These funds sell at a discount of almost 20%. I am short AMZN and EBAY and long a portfolio (including RVT,FUND) that looks similar to yours. So far it hasn't worked. Does anyone think that high pe internet stocks can correct AND low pe value stocks can rally at the same time. Rough scenario to imagine.