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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (57018)	4/23/1999 8:53:00 PM
From: James F. Hopkins	Read Replies (1) of 132070

Michael: Do you remember about a year ago I PM ed you on the SPY vs MDY thingy. Message 9114516 and follow the links. BTW I was in Houston today and went in to chat with a broker at Waterhouse, man the place was packed and I don't mean that they are getting more market share than any other, but what I saw stunned me. Most of these people were opening up accounts and it was obvious to me that they were newbies, the fire in the market is pulling in yo yos by the thousands every day who never gave the market a second thought even a year ago.. ------------ Do you know where we could get a composite of how many NEW accounts are being opened..crap with this many mullets flooding the market IBM will go to $300-$400 , She is in the TuLip class now no doubt about it. I know she don't know how to build a PC , never has but then AOL is the worst ISP in the world too. The fact is the more you know how these Tulips are pure junk the worse off you are; it's not a sane market and good sense wont work as your fighting the brainless grunts who will buy anything with a big name and be proud of owning it. Analcystis don't work any more ..just ride the MO MO wave. The call buyers are going nutso too, ( they know every thing is going up so they buy what they think are cheap out of the money calls, ) I doubt they even look at the premium. Jim

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