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

To: Knighty Tin who wrote (69161)	10/17/1999 12:25:00 AM
From: John Dally	Read Replies (3) \| Respond to of 132070

Michael and all other thread wise guys, -g- I have a friend who will have her FRTE stock converted into SUNW stock this coming WEDNESDAY due to a take-over. Question: If she were to sell SUNW short on MONDAY (to lock in the current value of her FRTE holdings) would she be able to AVOID A TAXABLE EVENT until she decides to use the proceeds of the stock conversion to cover her short position some time in the (very distant) future? Thanks in advance to all respondents! John.

To: Knighty Tin who wrote (69161)	10/17/1999 2:12:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

I don't know if you read Barron's, but these numbers were interesting: #reply-11618017 Tom

To: Knighty Tin who wrote (69161)	10/17/1999 11:14:00 AM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, An interesting Barron?s this week. 1. Abelson refers to CNBS and its ilk as Tout TV, while noting that a conversation was between a marginal economist and a blow-dried airhead, otherwise known as an Anchor because he is usually all wet. He also says that the Fed Governors are the only sentient beings who have not detected a bubble in our economy and the stock market. I was about to disagree and mention the bull contingent, but then I remembered the adjective, sentient. <g> 2. Jim Glassman rips the face off the Dow 36,000 maroons with a criticism I hadn?t noticed before. It seems that they have trouble understanding the difference between interest and principal when formulating a valuation model. I know that one. No teacher ever sent me to see the Interest when I was in school. <g> 3. A nice piece by Bary and Palmer about Intel?s latest eps scamarama and the rather dimming future prospects for the co. 4. Our favorite cub reporter, Jon Jon Laing, takes David Tice to task for daring to look at Tyco?s funny money accounting. Laing previously got suckered into a puff article on Tyco and thinks a?counting is when his Mother plays ?This Little Piggy? on his toes. <g> Somebody posted a similar comment about Tice on this thread, but the performance record of a short selling fund during a manic bubble has nothing to do with whether or not scamsters are acting like scamsters. 5. Andy Bary, who is usually brighter than average, has a sad piece about how some dogs may be buys because they are selling at 10 times eps. I remember when you could buy Merck, Hewlett and Pfizer for 8 times eps, so I am somewhat underwhelmed by the logic. 6. Tom Galvin from DLJ is still bullish. Why am I not surprised? How does DLJ make its money? Oh, yeah, selling new issues to customers. Bear markets aren?t good for such activities. <g> 7. The Market Watch has great comments from Jim Grant, Martin Pring and Jim Stack, again in this issue. Jim must have bought the office a subscription to the rag. <g> 8. Once again Gene Epstein is upset because the Nobel Laureate in economics is unworthy. Duh! When have they ever been worthy? <g> 9. Some horrible fluff about the wonders of technology from Jack White, the former discount brokerage honcho. Now let?s hope doggy SI will let me post this note.