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

To: Paul Engel who wrote (76886)	3/1/2000 11:25:00 PM
From: Skeeter Bug	Respond to of 132070

paul, those companies have done quite well due to this blip in demand that i did not foresee. i haven't been buying puts for quite some time as it finally dawned on me that it is a suckers bet that folks like you will get smart anytime soon ;-) my longs have done quite well, thank you. if i could do this poorly for a couple more years than i could retire at a very young age. btw, keep holding and buying more fluff. when my company goes ipo i expect folks like you to overpay by 3000-4000% so i can line my pockets ;-)

To: Paul Engel who wrote (76886)	3/2/2000 9:26:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Paul, in 1995 the SOX peaked at 300 with global semiconductor sales at $150 billion . Today sales are back up to that level but the SOX is near 1200. How long can stock prices appreciate faster than every measure of economic activity ? longer than I thought but sooner or later this imbalance will be corrected by falling stock prices. mike