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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (24006)	10/25/1997 2:40:00 PM
From: HB	Read Replies (1) of 132070

I also sold my remaining half position in BIKE on Thurs-- or was it Weds.... the big HK freakout day--I felt like an idjit for selling on a down day, but my usual problem is failing to exit in time, so I fought it.) for 21 3/4. I still think the company will do very well over the next year, but they are asking shareholders to approve an increase from 18 to 40 million shares authorized. (This is old news, but I'm slow -g-). I think the share buyback will be used to fund lots of options compensation. Leo got out better in June after the bike race victories. (Leo followers might want to page throught the follwing, however: fool.yahoo.com I have found BIKE to be a nice holding in that it isn't very correlated with the techs, and it is not very expensive in P/E terms, so it may be worth researching for a buy if the Nasdaq keeps pulling back. Stash cash. Howard

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