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

To: James Clarke who wrote (6794)	4/16/1999 6:20:00 PM
From: Michael Burry	Respond to of 78572

Today a value investor could not lose, and if one does, then there's something wrong with that particular value strategy. Incredibly, I'm already seeing exit points in some of my positions come into view. I mean, I bought BHP for a 50% gain, and it's there. Mike

To: James Clarke who wrote (6794)	4/16/1999 7:18:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 78572

James, >> Even in hindsight, I can't find the immediate catalyst. I had always figured it would be interest rates. (How many times have I said "Value is its own catalyst", but I forgot that at the bottom.)<< If you are fishing for a catalyst I "may" have one. Early in the week Abby made some comments about the values in the smaller U.S. related stocks as opposed to the large multinationals. That's when I started to see the rotation begin. Aside from my personal portfolio, I think it would be a very healthy development if some of the air comes out of the internuts, drugs, some high techs etc... that had gotten a bit ahead of themselves. WC