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

To: Michael Burry who wrote (6799)	4/16/1999 9:42:00 PM
From: jeffbas	Read Replies (2) \| Respond to of 78531

Mike, I still think that you are playing with fire on AMZN. What if it opens at 200 on Monday? I think that you should think about what you will do so it does not come as a shock. By the way did we reach some sort of conclusion on VAR?

To: Michael Burry who wrote (6799)	4/17/1999 12:06:00 AM
From: Paul Senior	Respond to of 78531

Thread, I would like to again state my opinionated 3+ rule for stocks which people post here. Which is: if a person posts here on a stock- and a 2nd and 3rd person each confirm that he/she did buy the stock at that time (or soon after it was mentioned by the first poster), that stock is worth a very, very close look by other investors. I tracked such posts - there weren't that many- in '97 and part of '98. They ALL were profitable as I recall. Further, it was the only consistent thing I could correlate between poster, recommendation, and profitable investment. I suspect there's some correlation between the purchases of two people on the thread (Mssrs. Burry and Clarke). That doesn't seem to matter though. If any three people buy, that stock should get very strong attention from the rest. My explanation for this is that we are all different in the way we approach investing and what and when we will actually commit money. When 3 people -- each with a different value perspective,commit funds to a particular stock, I think that that stock may be undervalued on a number of different aspects - each of which, or any of which, might be a catalyst to eventually surface the underlying value. I seem to have missed this opportunity myself with AG, CSE, and NH (I don't like ag. stocks- and that is solely MY problem!!) We may be seeing a couple of stocks now though where there are 3 or more Value Thread buyers establishing positions. Just my opinion; I've been wrong many, many times before... but not on this 3+ rule -g-. Paul Senior