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

To: Knighty Tin who wrote (87909)	1/4/2001 12:17:51 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, I bought a third third of Divine Interventure (DVIN) today. This looks like a very low risk way to play the Nasdaq bounce-a-roo, IMHO. For those who don't know, this was a venture capital outfit that has now gotten lean and mean and is buying into some larger tech firms to go with its start-ups. For those who always say that only the rich get invited to play the venture capital/hedge fund game, I say that Divine is inviting you at a nice discount. They have about $2.25 in cash and a number of cos. in their portfolio, any one of whom could be the next Microsoft or AskJeeves. <g> You are effectively getting the portfolio for a negative price, as the cash is more than the price of the stock. However, that may or may not prove to be a huge bargain. I'm willing to take the risk.

To: Knighty Tin who wrote (87909)	1/4/2001 6:27:44 PM
From: Earlie	Read Replies (2) \| Respond to of 132070

MB: I share your views on Fannie/Freddy Fannie puts (June 75s) looked good a few weeks ago, so they were acquired. Today, the market decided that Fanny was looking a bit tatty, and the stock price fell down the stairs a bit. The profits were decent, but taken a bit too soon (twenty minutes later,..... but haven't we all been there a hundred times?) (g) Not that I am complaining as it was a nice waltz. I will of course use any rally as an excuse to dance with this lady again. (g) Best, Earlie