Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Redman who wrote (3582)	11/23/1997 12:44:00 PM
From: The Perfect Hedge	Read Replies (3) of 95453

Red, I'll throw another one in there.Mike Burke(Mike Burke thread) has been pounding the table for a year about how overpriced the techs are.He has consistently bought puts on many of the techs and has predicted a tech crash which we know happened.He did this in the face off all the ananlysts upgrades of these bloated stocks(WDC,GTW,HWP,PRST,MU,and the list goes on..)His argument was that these stocks were no longer really growing sequentially and the whole pc sector is dropping prices thus margins are thinning which means lower revenues and slowing growth. One cannot believe the analysts,I'm glad we have guys within the sector to let us know what's going on and keep us in touch with REALITY.GD

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