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Politics : Ask Michael Burke

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To: Zeev Hed who wrote (75980)	2/16/2000 1:52:00 AM
From: Michael Bakunin	Read Replies (1) of 132070

I hope you're right, since I didn't get my fill. -g- But I find it tough to believe in lots of new shorts @ 120-150; the price action seemed too desperate. Know something I don't? I figure the stock (and concomitant options vols) will settle down. AMAT's guidance is out and IDF is winding down, and I don't see near-term emotional catalysts after this. So, I do expect the momentum to crack soon; at my limit price, March 105's would have been a fair bet. I expect covering to be accompanied by distribution by large holders (FMR et al.), tempering both dips and spikes. Premiums will drop, and I'll pick up a fill. Here's hoping. One thing about this stock, it's always fun. -mb

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