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

To: Earlie who wrote (81934)	6/24/2000 11:21:00 PM
From: Joan Osland Graffius	Read Replies (4) \| Respond to of 132070

Earlie, Re: Fido and Capital I sure wish I knew what game plan these two have in play. I suspect a few of the brokerage houses will help them unload their shares to the retail side. I am sure Wall Street and CNBC can keep these stocks up while the funds unload. MU should hit some air pockets when it starts falling. All these games that are being played will come out after the fact, until then.... I hope I live long enough to see the finger pointing after this bubble. <g> Joan

To: Earlie who wrote (81934)	6/25/2000 10:46:00 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Earlie >>I expect the severity of the expanding memory glut becomes apparent to most sometime this fall. If they haven't started some sort of an unloading program by then, it will be a debacle for them.<< This is the kind of analysis I would expect to be useful in a market environment that was based on intellectual debates between various analysts trying to form an opnion about a business's prospects and value. I suspect there are many companies that are essentially manipulated by Wall St. for a variety of reasons. Investment banking relationships are an obvious one. But I don't think it's impossible that with so many very large companies running hedge funds that their holdings are also manipulated so that they can exit profitably. I also think there are manipulations related to short positions and even coordinated buying to make portfolio performance look good. Let's say for example, you, I, and a couple of other friends are running extremely large pools of money and that our annual bonus is tied to one year performance. It would be logical (although unethical and perhaps illegal) for us to buy a lot of the same stuff in concentration in order to produce a huge 1 year return. We take our bonus and when the fit hits the shan it really doesn't matter. We're already rich. I don't know how well you are doing buying puts on the obviously overvalued and deteriorating businesses, but if you are on the opposite side of one of these rigs I think you can't win even when you are right. I think at the first sign that Wall St. is falling in love with an idiotic company and starting to make things up, you have to run for the exits. It makes no sense to battle a semi-rig even when you are intellectually correct. This game is not about who's right unless you have almost unlimited staying power and are 100% sure. Wayne