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


To: Robert Hoefer who wrote (7049)5/5/1999 8:49:00 PM
From: Michael Burry  Respond to of 78470
 
You
didn't mention the oil stocks


Oh yes I have. I've mentioned them plenty. I recently just exited several (RIG, TDW, NE) at about a 50% short-term gain. I currently have no position in oil and am waiting for them to get a little cheaper.

And Deswell! My IRA's up 50% in a month. I couldn't believe it when it hit 6 in the fall. I bought my truck with those profits. I couldn't believe it again when it hit 8 last month. My mom's account, which I manage, was about 2/3 Deswell. A nice Mother's Day gift. Yeah, but I'm sending flowers anyway. The stock stuff isn't as appreciated.

Mike