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

To: mishedlo who wrote (86316)	12/6/2000 9:05:39 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Mike, I follow all kinds of tech garbaaage stocks, with more on the back burner than in current play. Ciena is one I played long, then bought puts on (and recommended same in an article I wrote for SI's Internet Financial Connection) and then bought long again. I am not playing it this time. It looks to me like the great put names are the financials. I've already mentioned Freddie and Fannie. Most of the techs are washed out. They probably have more to go, but nobody is madly in love with them any more. I hate MU always, but it is less fun to hate it here than in the 80s and 90s. Some, like Brocade BEA systems and QLogic are real companies. Overpriced? Probably. But not likely to fall apart fundamentally. Cisco is still not cheap and I don't know how much longer they can keep faking eps. IBM is a total joke, but, so far, folks seems to be buying the funky accounting. It is hard to believe they are still that dumb in this market, but it happens. Some of the big drug cos. are still looking like good put candidates. Warner Lambert is my favorite. Folks think they own Bush, and perhaps they do, but the grass roots demand for a Medicare Prescription Plan looks stronger than the Republican will to stonewall any concept that helps the public. And Bush will have a divided Congress that cannot afford to buck the electorate. After all, his lil brother can't rig every state's vote. <g>