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Politics : Ask Michael Burke

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To: Cape Blanco who wrote (65780)	8/4/1999 3:52:00 PM
From: PaperChase	Read Replies (2) of 132070

Marc, ANCR's problem is that it ran up 3 gazillion percent. East and west coast competitors will kick that company's butt. ANCR lives in the land of Minnesooota where tech company's are first to market and first to die on the vine. <G> Seriously, companies in that region get their butt kicked because it's a too laid back environment for an aggressive, fast moving tech industry. ANCR was one of my few outright shorts. The good news is that you can now play the downside using options which weren't available before. Recommend waiting for the upside bounce. I covered my short too soon yesterday and I probably would have waited longer if I was using put options.

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