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

To: Knighty Tin who wrote (27514)	4/21/1998 5:22:00 PM
From: Knighty Tin	Respond to of 132070

To All, The action in IBM today was the dumbest stuff I have ever seen. Yes, even dumber than MU. After all, MU is a mystery to most investors. But taking a stock to all-time highs because a 13% eps decline was not as bad as it could have been, takes the cake. We all know that the eps are phony, but even when the faked # is bad, the bulls still buy it. That is scary behavior. On the bullish side, I am buying a second third of Shiva. Aha, you say, why didn't we ever hear about the first third. I bought it at 8 and several 8ths. It was part of what I call my pizzazz portfolio, which represents a staggering 2% of my assets. I don't usually tell people about these because they are done for no reason. I bought SHVA for a dead cat bounce. O.K., but this third is a real investment. Yes, it is a speculative investment. And, yes, this is the same co. I called a bunch of dirty names in the 70s, 60s, 50s, 40s, etc. But there is a real co. here. I think it was wayyyyy ahead of itself in stock price and the slowdown in networking allowed a halfway decent mgt. to mature a bit. They continue to land big contracts, and thought running at a loss, I expect that to turn around this year. This one could be a double in 18 months. I am also reentering Shaman. I owned the stock in the 9s and then sold it in the 9s. I considered it too cutesy and new age and deplored the concept of all-female mgt. just as I would deplore an all-male mgt. policy. But at 4 and change and with a drug for Aids diarrhea in Phase III, I think it offers real value. On the bearish side, I left off the XAL in my list of puts to Chris. I still hate the flying cigar boxes at these prices. Good luck, MB