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

To: Paul Senior who wrote (6607)	4/7/1999 2:49:00 AM
From: Bill Zeman	Read Replies (1) \| Respond to of 78519

Regarding IDTC: This link leads to an excellent article describing IDTC and their upcoming prospects in regard to their internet division spin off/IPO. Bill Zeman

To: Paul Senior who wrote (6607)	4/7/1999 2:52:00 AM
From: Michael Burry	Respond to of 78519

Well, so I've finally learned to ignore positions and just sit on stocks. Having >15 stocks can do that. I finally feel like I can indeed sit on something for 2-3 years and wait for the inevitable conclusion of my analysis <g> But, Paul, you didn't tell me about the other part of a diversification strategy. Now, my analysis gets better, I take even more time, am even more careful before jumping in. Because I know if it's a wrong decision I'm stuck with dead money for a long time. And there's a compounding opportunity cost there. Eegad. Somewhat on the other hand, re: exit strategies, I second whoever said that if you get to know your stocks and you know why you bought them, you will recognize in your gut when a rally is based on nothing, thereby allowing guilt-free short-term profit-taking. And of course all of this doesn't apply to my AMZN short, which I will from hereon out call "the indefensible." Mike

To: Paul Senior who wrote (6607)	4/7/1999 9:06:00 AM
From: James Clarke	Read Replies (1) \| Respond to of 78519

Paul - not sure what you're talking about concerning me there - I have no problem with real estate stocks, especially REITs for the dividend today. Might want to take another look at Tejon Ranch (TRC) - I haven't looked at it for a long time, but the price is back down to where I bought it 2 years ago, and Marty Whitman is trying to talk it up again. I'm not sure if there is some new catalyst there, or if something is going wrong, so this is by no means a recommendation. I'm not so motivated to look at things I can't buy professionally at a time when I am defiantly boycotting the stock market personally. JJC

To: Paul Senior who wrote (6607)	4/7/1999 8:50:00 PM
From: Linden Doerr	Read Replies (1) \| Respond to of 78519

With REITs paying good divs, yet with people apparently bailing out of real estate stocks, it's hard to find anything to commend EIN to anybody. Looks to me like I'm the fool rushing in. Sometimes that can be profitable. Doesn't seem like it now though. Three years, we'll see (assuming I can hold on). Paul, a huge amount of their cash flow is getting chewed up by reversing deferred tax accruals due to the cross-over in book vs. tax depreciation on their leveraged lease holdings. It's likely to get worse unless they can get somebody to take the portfolio off their hands - something they hint they would love to see happen, but isn't likely unless some tax whiz really hits a home run.