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Politics : Ask Michael Burke

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To: tom r. phillips who wrote (25381)	1/14/1998 2:27:00 PM
From: Earlie	Read Replies (1) of 132070

Tom: Yhoo is at $67 as we speak. We get their numbers tonight. The stock is up more than 10% over the last few days! If I were a betting man, I'd probably think that the market has set itself up for a momentum-induced fall from these dizzy (in more ways than one) heights. NSCP went through the same sort of run-up, only to crater when earnings realities surfaced. I love the risk/reward ratio on this one. If the numbers are less than marvellous tonight (which also makes for an acceptable risk/reward ratio bet, given the "sell-on-news" syndrome), we could witness a delightful sell-off. The valuation, as you note, is mad. It also represents an opportunity....at these prices would one prefer to be a buyer or a seller? (g) Best, Earlie

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