Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Kirk © who wrote (6124)	7/21/1998 3:38:00 PM
From: Trebor	of 42834

>Mr Rice, does LU at these levels look a bit like a tulip to you?< No, my hunch is LU is one of those companies you could buy at even today's lofty levels, hold for 5 years and be glad you owned it. It's a real company with real products and earnings. It's the Yahoos, Excites and Amazon.coms that look like Holland in spring time to me. I'm convinced there are fortunes to be made in shorting these stocks -- but then again, I thought so 5 months ago too. Just today there's been an 11 point swing in Yahoo. If you were dealing in options and sold 10 Aug 200 contracts this morning at $19, you could buy them back this afternoon at $13 for a quick $6,000 profit. Not a bad day's work. Of course, it could have gone the other way too and that's what keeps me on the sidelines.

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