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Politics : Ask Michael Burke

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To: PaperChase who wrote (62892)	6/21/1999 5:07:00 PM
From: Greg Jung	Read Replies (1) of 132070

PC be happy don't worry. I'd like to believe it but the manic and irrational and manipulated ramp of equity asset prices is a red flag of caution I can't ignore. Who benefits from this? not the contemporary investor, only the traders and those already completely "vested". Having made my complaint about the "rock star" stocks, there is a fairly sizable subset of stocks with good prospects and trading cheaply, positively but not very briskly. My basic complaint is I'd like to buy EMC cheap at $16 and ride it to $30 rather than to pay 60x earnings at $50 to puke it the next week at $60.

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