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

To: Knighty Tin who wrote (89766)	2/22/2001 9:56:33 AM
From: Knighty Tin	Read Replies (7) \| Respond to of 132070

To All, this and that. Flek's comment about the BLS stats coming in below expectations now that we have changed administrations is worth the price (still free) of his Rap today. Everyone on CNBS is talking about which techs to buy for the recovery. Uh, folks, I have dabbled in a few longs a bit, too, but that is for a dead cat bounce. Any recovery requires much more pain than we have had so far. And it is arriving on schedule. Or, as my Canadian friends say, on shedyule. "Ain't got time for the pain." Make time. <g> Micron was actually up today. After I laughed, I put in an order for some puts. Puts on Micron don't work all the time and this certainly isn't the best price for a newbie to start. But they work so well when they do work that I'll take my chances. Their business has to be sucking wind. Besides, my Febs were sold and I feel downright naked without MU in my bear side. Other tech stocks probably offer more downside, but few are in as much fundamental trouble as MU. There will be a time to buy tech. Stocks like EMC, ADI, AMAT and QCOM are great names I would love to own. Yes, I have said I hated them (not ADI, where I respect mgt. too much), but that was when they were wayyyyyy overpriced. Now, they are still overpriced, but my hate has turned into "I may be able to buy these babies for a song before this trip down is over." Remember, I was one of the guys who bought the absolute tech bottom in the early part of last decade. All different names, but same game. I need more pain, first, but it will probably happen when I am no longer posting investment advice. If you hear a rumor that I have turned bullish on tech in a few months, don't think I'm a hypocrite. Just a cheapskate. BTW, I doubt if MU will be one of my longs. <g>