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Politics : Ask Michael Burke

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To: Bill F. who wrote (75447)	2/8/2000 8:46:00 PM
From: Knighty Tin	Read Replies (3) of 132070

Bill, It really isn't all that bold as I will still have about a 150%er even if I lose every penny on the current puts. I am certainly thinking that Dell will try to spin the dummies again. Just look what they did with their pre-announcement. The first sentence of that mea culpa press release was all about how they were doing twice as well as the industry. <g> Also, I assume they will beat the new lowered eps by a penny. Probably with more than 1 cent of gain from investments, the same way Intel snookered the analysts. However, you get to a point with these fluff cos. where the magic leaves the mgt's touting. It happened with Compaq and it happened with Lucent. For some reason, Intel and IBM are still able to lie straight-faced and suckers buy it. I think Dell may be at that inflection point and I want to be there if the stock suddenly drops to $25. To my way of thinking, the risk, using a 90/10, is missing the big crashes, not in the expiring worthless. BTW, you may have missed my letter in this week's Barron's where I poke fun at Dell "not knowing until the last 10 days of the quarter that their eps and revenues stank the house out." I can't believe they got away with that one. <g>

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