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

To: tom r. phillips who wrote (25381)	1/14/1998 2:27:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Tom: Yhoo is at $67 as we speak. We get their numbers tonight. The stock is up more than 10% over the last few days! If I were a betting man, I'd probably think that the market has set itself up for a momentum-induced fall from these dizzy (in more ways than one) heights. NSCP went through the same sort of run-up, only to crater when earnings realities surfaced. I love the risk/reward ratio on this one. If the numbers are less than marvellous tonight (which also makes for an acceptable risk/reward ratio bet, given the "sell-on-news" syndrome), we could witness a delightful sell-off. The valuation, as you note, is mad. It also represents an opportunity....at these prices would one prefer to be a buyer or a seller? (g) Best, Earlie

To: tom r. phillips who wrote (25381)	1/14/1998 2:35:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

Tom: I misread your earlier post. Got stuck on the YHOO reference in the post. My apologies With reference to MU, I agree with you that the valuation is totally unrelated to reality. A serious short squeeze has been run, but the cannon fodder is just about exhausted, hence, the stock price will start down in the near term. MU is selling its products at prices that guarantee big losses this quarter...bigger than projected. Single digits by summer. I'll post some further thoughts oin MU thread in the near term. Best, Earlie