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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (62892)6/21/1999 5:07:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 132070
 
PC be happy don't worry. I'd like to believe it but the manic and irrational and manipulated ramp of equity asset prices is a red flag of caution I can't ignore. Who benefits from this? not the contemporary investor, only the traders and those already completely "vested". Having made my complaint about the "rock star" stocks, there is a fairly sizable subset of stocks with good prospects and trading cheaply, positively but not very briskly. My basic complaint is I'd like to buy EMC cheap at $16 and ride it to $30 rather than to pay 60x earnings at $50 to puke it the next week at $60.



To: PaperChase who wrote (62892)6/22/1999 6:42:00 PM
From: Mike M2  Respond to of 132070
 
Paperchase, the sky is not falling -yet. I have learned the hard way to be a cautious bear -mostly cash but I will increase short positions ( via puts) as I feel conditions warrant. mike


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