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

To: Knighty Tin who wrote (74036)	1/19/2000 2:29:00 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

Mike, Doing any put buying on the financials (C, CMB, GS etc..)? Wayne

To: Knighty Tin who wrote (74036)	1/19/2000 2:42:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 132070

Mike, I discussed HWP puts with you a few weeks ago, and subsequently I had an order in when HWP was at 118. My order didn't get filled (even though someone else's buy order was filled at a lower price -- but that's another story). I didn't think I'd get another shot, but lo and behold, HWP has raised its ugly head again. My guess is tomorrow or Friday will be the day to buy.

To: Knighty Tin who wrote (74036)	1/19/2000 5:17:00 PM
From: James M. Belin	Read Replies (1) \| Respond to of 132070

Mike, I saw a news release of IBM's 4th quarter. Any comments on what tricks the Company used to beat the estimate? I noticed that even though revenue in 1999 was down, S,G&A as a % of revenue was down from 4th Q 1998. How does a Company that earned less in 4th Q 1999 than in 4th Q 1998 get a premium growth multiple? Thanks Jim

To: Knighty Tin who wrote (74036)	1/19/2000 5:18:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

To All, IBM stank the house out with negative revenues and eps. Of course, the stock is up 3 points on the news. They even gave guidance for flat to down this quarter. But I guess that by saying that eps would be even worse than they were, they were able to scam the blundering herd. It sure looks bad for computer sales. BTW, SG&A's % of revenues declined, which I find suspicious when they are supposedly scrambling to find sales. However, unlike Microsoft and Intel, I didn't see any big sector fund profits, which surpised me. I thought all the big touty techs had gotten together and agreed to play internet roulette while business sucked. I guess Lou didn't make the meeting. <g>