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

To: HB who wrote (26167)	2/26/1998 12:41:00 PM
From: Knighty Tin	Respond to of 132070

Howard, I still like CEGE, though I only own a third here. The science is still going great, but they have a big appetite for cash and it will be a while before they generate enough internally. However, in the single digits, it is a buy in a diversified list of bios. I don't know the principals at Caldwell and Orkin (pest control? -g-). I like the idea of a mutual fund that can go bearish, but I prefer sensible put buyers to short sellers. Once they get burned selling short, they end up with short positions that don't make much difference, like Kaufman. It seems to me that good stock pickers who can go long and short might have had trouble beating the market over the past 5 years. Nearly every short would have been a mistake and most firms cannot do the research necessary to separate a Micron or a Picturetel from a Compaq, or, they are shorting instead of buying puts, which puts them behind the eight ball. So, I would want to judge them in a down market, if we ever have another one of those -vbg-, and see how they perform. At least they have the right idea. MB