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

To: Knighty Tin who wrote (75939)	2/15/2000 3:46:00 PM
From: TRINDY	Read Replies (3) \| Respond to of 132070

Mike, well today we have about a 140 point reversal in the NAZ Comp and Intel hits a new high. The craziness continues. I've been thinking about buying puts on Intel and wonder what you consider the sweet-spot to be for such puts. Also, given your long-term experience with the stock market, do you have any projection on when this bubble might burst? I know that Hickey recommends buying LEAP puts, probably in recognition that predicting an end to the mania is a difficult business. I was hopeful for a time today, but once again it is my bubble that keeps getting burst, not the markets. In November I was entertaining notions of a nuclear winter, but that hope is getting long-in-tooth as well. I know from previous posts that you think the business has already busted, but prices haven't. What's the potential lag for that market to recognize this? If computer business has already busted, could that market recognition be far behind? Thanks in advance for your highly useful comments.

To: Knighty Tin who wrote (75939)	2/15/2000 6:11:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, I ended a long and beautiful relationship with palladium futures today. I made more on this contract than I made in all of my portfolios last year. I am still giddy. When I started buying it, metals were never going to tick up again. <G> I also made good money on the stocks, mostly the South Africans, though Stillwater wasn't chopped liver. But nothing like the futures. Platinum is also up a lot and I am down to a very small position, something like a sixth. I wish whoever is buying at these levels the best of luck in the future. Now, I have to step out and kick titanium in the butt. No futures there, but my RTI shares have been as dull as Alan Greenspan's thinking process. <g>