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Politics : Ask Michael Burke
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To: gbh who wrote (46537)2/11/1999 10:27:00 AM
From: Mike M2  Read Replies (2) of 132070
 
Gary, one problem we bears have is the analysts always err on the side of optimism -0sometimes to the point of hype. In 1995, we heard a steady stream of forecasts that there would be a DRAM shortage until the year 2000. Mike Burke was one of the few skeptics who knew better. I recall in summer of 1995 he posted on Prodigy that he was buying puts on Micron as it rose to $95/sh while everyone was in love with the stock. he rode it down for some nice profits. Mike
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