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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (69780)	10/29/1999 4:46:00 PM
From: Amir Shalit	Read Replies (3) of 132070

Wayne, I pretty much concluded the same 2.5 years ago when the DOW hit 8300 for the first time. If you noticed, Mike is only 10% (at most) long puts at any given time. At a same time he is only 10% long stocks. That is essentially what I did except that I stopped playing options. I pretty much sold most of my positions around that time frame. I went long on emerging markets after the crash and sold out a few months back. I also went long gold stocks (NEM) and sold that position as well. I will continue to restrict my long equity positions to about 20% and diversify between biotechs, depressed commodities, very selected US stocks and some foreign stocks. The rest will be in income portfolio until the bubble explodes. Amir

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