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Politics : Ask Michael Burke

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To: PaperChase who wrote (69143)	10/15/1999 4:41:00 PM
From: Freedom Fighter	Read Replies (1) of 132070

Paper, IBM is up because Lou G. doesn't care how much shareholder money he wastes buying back shares at highly speculative prices. Nor does he care how much he overleverages the balance sheet to do it. As long as the price stays up while he's selling his exercised options the future will someone else's problem. HWP was up because the new chief is a Lou G wannabe. MU is up because it's an overhyped commodity business that momentum guys love and everyone else hates...making it vulnerable to rigging, ramping, short covering etc... Then again I hated all three at 2/3rds of these prices. (g) WC

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