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


To: Knighty Tin who wrote (86250)12/4/2000 6:35:03 PM
From: BSGrinder  Read Replies (1) | Respond to of 132070
 
Michael,
We are looking forward to hearing your thoughts. You have been so quiet while all these scamsters were blowing up. But as Fleck likes to say, people are finally starting to connect the dots.

Do you think there have been any meaningful mutual fund sales to meet redemptions yet? I don't see how we can have a bottom until that process gets underway. My wife told me that her company was expecting $1 million to fund a study for the Packard foundation, but that the foundation had lost 8 of $18 billion dollars being in the stock market this year. So her company is only getting $200,000 for the study. They have nothing to do with the internet, but they are getting hit from the collapse of the dot.com and telecom manias.

The internet consulting company I work for is imploding faster than a black hole. Given these data points, it is hard to imagine a "soft landing."
Thanks,
/Kit



To: Knighty Tin who wrote (86250)12/4/2000 7:41:05 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 132070
 
MB,

Do you have any thoughts on XRX. The stock is taking another hit today. I am trying to figure out where one picks up a first third. I believe they are still paying the dividend and when they cut that it could be trading 50% or more lower and that could be the time to start picking up some.

Joan



To: Knighty Tin who wrote (86250)12/4/2000 9:17:50 PM
From: Alias Shrugged  Read Replies (1) | Respond to of 132070
 
Hi Mike

>>I plan a full report on CEFs>> Great, I look forward to it.

You may recall an exchange we had at the beginning of September about buy/writes. SFE was on my list. It was then 30. Fortunately, I did nothing and the stock is now 7-1/2!! Is this stock a straight out long, a buy/write, long calls only or do nothing?

Sometimes procrastination is good. -gg-