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

To: James Clarke who wrote (6797)	4/16/1999 7:58:00 PM
From: Michael Burry	Read Replies (2) \| Respond to of 78548

Oh, I know there are. Remember I used to trade futures. I know how many people follow TA and the blips they can cause. Pretty strong forces will be selling into 200 as well. IMO there hasn't been enough basing at this level yet for a true launch through to new highs given the horrific fall from 200 last time. And remember there's a contingent that will be selling into all the idiots "buying" on the breakout. We'll see. I think with shorting there has to be an element of technical analysis. Like I said it's the house's money, and I'm just having fun with it as a tiny part of my holdings. I just want to look back at this twenty years from now and say I came out ahead shorting this thing. And that internet analyst who upgraded them today is simply gunning for publicity with targets he knows he can't justify. Blodgett became an overnight sensation with his, so now this guy comes along. Mike

To: James Clarke who wrote (6797)	4/16/1999 9:02:00 PM
From: Michael & B.Anne	Respond to of 78548

Isn't AOL a better candidate for shortness ??!! (on other hand wanted to today .. see following .. and up 22 plus.) According to NPR, class action suit being brought against AOL for all volunteers (many, many) who have in the past moderated groups in return for free access. suit asks for pay - including back pay. Perhaps all those lawyers seen recently after TGX might hunt bigger fish regards

To: James Clarke who wrote (6797)	4/16/1999 9:29:00 PM
From: Paul Senior	Read Replies (4) \| Respond to of 78548

Jim: nice pick on LKI. I've been watching it for 4 months -- keep forgetting to buy when it gets under 7. Should have set my buy point a little higher. Others I've been looking at lately - not buying though - prices are getting away - include VANS (in addition to their shoes, they have a business opening up very successful skate board parks); PPG (very strong dividend yield, stock buyback) - hit a low within past couple of weeks at 48, now 10+ at 58. Also, in the same vein (chemical stocks) missed SHLM (16+ up from low 13)and GRO (10 up from 8) I'm very upset that I didn't start a small position in the Hilton gaming spinoff (PPE) which I thought about for a long time. Stock is up 50% to about 9 1/2. I also forgot to buy BEAV at 12 (now 18). Perhaps I am spending entirely too much time writing that the market has plenty of values-- and spending too little time buying stocks myself -gg-. New positions I'm looking to start somewhere around this level are: Allstate (ALL) if it'll drop a tad closer to its low, RPM if it will drop a little lower. (A lot of the chemical stocks seem to be doing VERY well the last couple of days). I'm also watching FA (Fairchild), a company that looks very good on Yahoo, but about which I seem to be unsure when I dig further. SLOT is being sued by another gaming co. as you know, and I missed the chance to average down at 42 this week when the news came out. And of course -g-, no list of mine would be complete unless I had yet another stock to buy which differs from one of your picks: If MBI drops a bit more, I will add to my position. (My cost basis is about 57-58---- I'll add more scale down..) Paul.

To: James Clarke who wrote (6797)	4/16/1999 11:05:00 PM
From: sjemmeri	Read Replies (1) \| Respond to of 78548

JJC, In the REIT world, have you ever analyzed CPV and PZN - two major players in the privatized prison biz? Both have indicated yields in the low double digits and the business is still growing at a good clip. They seem to be insulated from the economic cycle as their lease payments come either directly or indirectly from long term contracts with state and other governments (some local and foreign). Anyways, love to hear your opinion if you have one. steve