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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (87909)1/4/2001 12:17:51 PM
From: Knighty Tin  Read Replies (2) of 132070
 
To All, I bought a third third of Divine Interventure (DVIN) today. This looks like a very low risk way to play the Nasdaq bounce-a-roo, IMHO. For those who don't know, this was a venture capital outfit that has now gotten lean and mean and is buying into some larger tech firms to go with its start-ups. For those who always say that only the rich get invited to play the venture capital/hedge fund game, I say that Divine is inviting you at a nice discount. They have about $2.25 in cash and a number of cos. in their portfolio, any one of whom could be the next Microsoft or AskJeeves. <g> You are effectively getting the portfolio for a negative price, as the cash is more than the price of the stock. However, that may or may not prove to be a huge bargain. I'm willing to take the risk.
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