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Politics : Ask Michael Burke

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To: Lee Lichterman III who wrote (35729)	11/11/1998 9:57:00 AM
From: Knighty Tin	Read Replies (1) of 132070

Lee, I guess weakness is in the eyes of the beholder. I bought it at $26 on Oct 8 (no, I never know that much detail off the top of my head. I happened to be looking at unwinding a spread conversion I put on on the same date. <G>), so a 38.4% gain looks pretty good to me. However, since it is down significantly from the first of the year, I see your point. I believe that folks got overheated on Y2K stocks and took it to $60, then the herd discovered that it was 1998. So, they overreacted on the downside. My work shows a fair value in the mid 40s, so I'm not terribly concerned about it. It is getting there. We can't expect a double overnight, thought those are sure nice when they happen. MB

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