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Politics : Ask Michael Burke

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To: kahunabear who wrote (20684)	7/19/1997 11:52:00 AM
From: Knighty Tin	of 132070

Britt, I don't really have long term holdings in stocks. I buy a stock and set a fair price over time line (which is constantly adjusted as news comes in. It is not adjusted for market action, which is something like chaos) and hold it as long as the price stays below what I consider fair value. So, if a stock like Gems is $25 by year end, it will be a long term holding. But if it is back in the 50s, it was a short term trade. -g- I like the long term business prospects, but everything is tempered by price, and I have been in and out of this one several times since the initial offering. And, yes, we should have all bought a ton at $8 as Skeets did. But I think fair value is about $36 here, so I don't think $17 and change is too much to pay. MB

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