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

To: Knighty Tin who wrote (69998)	11/3/1999 11:34:00 AM
From: Cape Blanco	Read Replies (1) \| Respond to of 132070

As long as the trains run on time and if their not on time then change the hands on the clocks!

To: Knighty Tin who wrote (69998)	11/3/1999 11:56:00 AM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 132070

MB, >The only point I would add is that even the great majority of juniors are overpriced relative to their values as operating cos. They just look cheap relative to the silly stuff. I agree with your take on most of the juniors especially if we have an economic softening. There are a few that are starting to become fairly priced..especially those with no debt, lots of cash to share with the stockholder through investment or dividends, and are not buying back their stocks. Have you thought about stagflation lately? It looks like we are seeing this phenomena in the short term. Take care, Joan

To: Knighty Tin who wrote (69998)	11/3/1999 12:02:00 PM
From: Dushyant Narayen	Read Replies (1) \| Respond to of 132070

Michael, staying on the sidelines as I have been, waiting for lower prices, looks like a losing strategy for at least the rest of the year. When AG does nothing, the Street will be celebrating the new Year early - even if there is a correction early next year, it appears it will be from sharply higher levels (talking mainly about techs here) Hoping I'm wrong but not seeing how... Regards, DN

To: Knighty Tin who wrote (69998)	11/3/1999 12:32:00 PM
From: Joan Osland Graffius	Respond to of 132070

MB, >>How long will investors accept propaganda as gospel? It is my opinion a large portion of this market activity is not "investing" in the traditional sense. Given this conjecture, it will not be the current group of "investors" that will all of sudden worry about the propaganda that is being generated by the controlling powers. The only course of action I can think of is an external event will cause a few to start selling and instantly there will be no one to sell to. BWDIK Joan

To: Knighty Tin who wrote (69998)	11/3/1999 4:50:00 PM
From: TRINDY	Read Replies (1) \| Respond to of 132070

Michael, Help me out here. We have talked about the box makers, but at least they have some trailing earnings. The semiconductor stocks are obviously on fire and I cannot understand why. "Chips are going to be in everything" syndrome is all that I can see. Right now I'm feeling pretty stupid selling LRCX last month. My question is, do you see long-puts in the semi's and possibly the SOXX as an operating strategy sometime in the near future? Also, do you have any recommendations for books to read on options? Someone recommended a book on LEAPS by Harrison Roth to me. Thanks, as always.