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Politics : Ask Michael Burke

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To: Grant R. Cynor who wrote (149)	7/28/1996 12:14:00 PM
From: Knighty Tin	of 132070

Grant, I don't like Kellogg's. Costs are going up and prices are going down and we've seen that in their eps. Why the stock rallied, I don't know, other than that the company said it will earn the same as it earned last year, which is hard to swallow given their awful start. I have been shorting this one successfully for awhile. You have to trade it. There is a huge demand for growth stocks people have heard of, and it seems to keep marching in place even when they stop growing. Longer term, I see this one declining 10-20 percent while we collect our short interest rebate on other peoples' money. Not a homerun, but a nice position. MB

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