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

To: Nadine Carroll who wrote (87806)	1/2/2001 9:41:26 PM
From: Knighty Tin	Read Replies (5) \| Respond to of 132070

Nadine, I am buying the calls, not the stocks, which I wouldn't touch with a 10 foot pole (except in hedged income accounts). I think we see a rate cut to save the market and the economy and this type of stock that has fallen but not crashed will rally wildly. Then again, I may be kidding myself, which is why these are only 1/3 positions. <g>

To: Nadine Carroll who wrote (87806)	1/3/2001 12:15:05 PM
From: Knighty Tin	Read Replies (6) \| Respond to of 132070

Nadine, I think I may have missed the point of your note. If it was about valuation, then I did. I am not really a low pe disciple, though I do use that technique. I often buy stocks with much higher valuations when I believe the fundamentals deserve it. My big complaint has been high valuations on stuff where the fundamentals aren't even good, much less gangbusters. So, stocks like TIBX and BEAS are certainly pricey, but their capability to achieve mega growth looks pretty solid to me. Speculative, hence the use of long calls and not long stock, but cos. I would like to ride the river with, at least until flood tide. <g>