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

To: Knighty Tin who wrote (27165)	4/2/1998 10:44:00 AM
From: Lone Star	Read Replies (2) \| Respond to of 132070

Well, Uncle Sam is having my lunch today. I liquidated every stock I own, most having been held over 7 years. I have ridden many a bull and bear over the yeras, picking and sticking to a small handful of companies and have done really well. I hope what I've done today, with the horrific tax consequences turns out to be the stupidest move I'll ever make, but I'm scared, really scared. I hope our children do not have to live through a world depression. Us oldtimers get to thinking we've seen it all, but I have never seen anything like this market. We're killing the golden goose- cut out them eggs, I want them NOW, I want my money NOW. Something wicked this way comes, and we have the Evil Incarnate Hillbilly at the helm while the crew is distracted watching him fornicate. But hey, perhaps i worry too mucj, the Nikkei was only down 3.3% and the CEO of Sony was probably misquoted when he said Japan could collapse. Hell, that just means I won't get slowed down anymore golfing on Maui.

To: Knighty Tin who wrote (27165)	4/2/1998 11:13:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

upside.com ...There is a trend toward the more basic PC, but then again there isn't. One of the big factors behind the emergence of the so-called $1,000 PCs is the fact that component prices have come down dramatically. Three years ago, 16 megabytes of memory in a PC was $800. Now 32 megabytes of memory in a PC is $50. If the semiconductor cycle reverses and that $50 of memory [costs] significantly more and people move up to 64 megs, then forget your $1,000 PC. ROFL. All those fabs collecting dust won't be opened on the next uptick in DRAM, will they? ;-) He thinks DRAM prices are cyclical. The stocks are cyclical, dummy! DRAM prices go down some of the time, and down the rest of the time. Tom

To: Knighty Tin who wrote (27165)	4/2/1998 8:49:00 PM
From: Skeeter Bug	Read Replies (3) \| Respond to of 132070

mike, here is the scheme. let's say i get a stock that is bid at $3.50 and ask $5.50. i use my reg to put a limit sell short in at $5 7/16. the ask drops to $5 7/16. immediately i hit the ask from my ira. then i put an bid to buy at $3 9/16. immediately i hit the bid by selling from my ira. i lose the cash in my ira and gain it in my reg account. i do lose the commission friction but that is acceptable. what is wrong with this scenario, if anything?