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To: Freedom Fighter who wrote (6896)4/22/1999 3:11:00 PM
From: Michael Burry  Read Replies (1) | Respond to of 78845
 
Wow. I guess what I want to see is how they'll grow, since
they're well above any kind of liquidation value or other
absolute bargain ratios. I've used this high ROE rationale before,
and even on some of my recent buys. I'm not sure that I've
made much money doing it yet.

That said, I went and shorted AMZN again today at 185. It was
a standing order that got executed. Let's see if this trick of
shorting in the mid-upper 180's works a third time.

Mike



To: Freedom Fighter who wrote (6896)4/23/1999 12:44:00 AM
From: Bob Rudd  Read Replies (1) | Respond to of 78845
 
Wayne: I noted from a yahoo post by a former employee, that they'd lost patent protection on this has expired. I'm not sure when, but if it were recent then the earnings could suffer as knock-off's proliferate. If I were in a store and saw Velcro for $2 and Velwannabe for $1.50, I'd go for the lower cost...not a high risk purchase.