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Politics : Ask Michael Burke

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To: Bilow who wrote (25423)	1/19/1998 12:38:00 AM
From: Earlie	Read Replies (3) of 132070

Carl: Love your comments, and your sense of humour. In this crazy game we all need to laugh at the market's shenanigans. I will steal a couple of your phrases for future use with your permission YHOO trading has benefitted from both a controlled (at least for the time being) float as well as an aggressive (and deserved) short position. Small floats allow easily twisted short tails. At these prices, and under the slowly eroding market conditions, my bet is that the truly embarrassing fundamentals will increase the selling pressure on the stock to the point where members of the true, blue, "I'll-never-sell" current owners sneak out the back door. Calling that timing is not easy, but it always happens. The market's current antsy mood assists the bears on this one. I would suspect that your netscape puts have been kind to you, and hopefully made up for the costs on the Yhoo puts. Not enough homework on PSFT to be of use. Best, Earlie

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