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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (30427)	8/1/1998 9:14:00 PM
From: yard_man	Read Replies (1) of 132070

>>2. IBM's accounting could get more attention, especially the highly suspicious booking of service sector revenues and profits and its lower tax rate.<< I believe that this has already happened to some degree before the last earnings release, I think I saw at least a couple of articles discussing this. So many of the things that you mention seem remote at this point -- what about compeition in the services lowering margins considerably? The failure to actually grow earnings seems most plausible -- all the analysts seem to be saying -- look, these guys did really good this quarter "considering", pointing to earnings. Ridiculous really, but perhaps in the next quarter or two they might need to prove that they can grow? I bought a first third of Jan 125's before the recent spike and drop. IMHO, one shouldn't purchase Octobers expecting a huge drop by then. Better to buy Jan puts. There, now I've done it. It will surely collapse by Oct expiry now. <g> Sure hope it can tick up to the high 130's again for me. I was sleeping Friday. BTW. Are you still speculating with MSFT puts?

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