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

To: Joan Osland Graffius who wrote (71925)	12/16/1999 6:19:00 AM
From: Earlie	Read Replies (2) \| Respond to of 132070

Hi Joan: Like you, I've not been very active, except with respect to hunting for new "mortally wounded" situations, which I think are the only safe things that can be shorted in this mania. I haven't been long anything for a long while, except for one or two junior golds. I like junior golds that have big proven reserves and no hedging. They are cheap as dirt and one is buying their reserves for $5-$10 per ounce. Given the inevitability of a crunch for the U.S. buck, doing this is both safe and common sense. Sooner or later, gold will soar. Keep in mind that I am no goldbug, and have never really cared for gold as an investment until today's mad circumstances evolved. I've mentioned one that I know and like called Greystar Resources (TSE). It has enormous reserves, and Kinross already owns 22% of it. I expect a take-out. The company has never promoted itself EVER, but some of the patient shareholders who know of its intrinsic value have encouraged the company to hire an investor relations firm, which has just been done. Its location in Columbia has been a negative until recently when a huge South African miner moved into Columbia in a serious way. This little dickens is my choice for currency protection over the next few months. Glad to hear that the RMBS worked out. Like MB, I'm more or less staying in the weeds until just after Christmas. At that time, I will probably aggressively recommend buying puts on a shot gun spread of any E commerce rag bags. I will also concentrate on the PC box builders and the semi producers. Favourites include Dell, HWP, GTW, MU, AMAT, IBM, etc. This whole area is one massive stinky accounting mess, that should have toppled months ago. When it does, I expect it to take the market with it. D-O-O-T-M puts make sense for these. Best, Earlie