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

To: Knighty Tin who wrote (29422)	6/29/1998 11:29:00 AM
From: yard_man	Read Replies (1) \| Respond to of 132070

Speaking of bottoms. <g> The CH fund: Took a small lump selling a second third I'd bought around 15 in the high 13's thinking we'd probably go lower. Think this one will bottom simultaneously to the "other shoe dropping" in SEA and would you expect that to happen this year -- perhaps in the next few months?

To: Knighty Tin who wrote (29422)	6/30/1998 5:29:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To All, Notes on all kinds of stuff: 1. Compaq is coming true big time on a fundamental basis, as they announced layoffs of 5000 workers worldwide. They are also taking a multi-billion dollar charge for the DEC blunder. In fact, just about every bad thing I've ever said about the co. is taking place (other than getting competition from the Japanese. It wasn't that Compaq was so good, but that the Japanese executed so poorly). They are losing money, laying off people, and shrinking mfg. facilities. And just think, folks, it was less than a year ago when we were being told that CPQ's biggest problem was an inability to keep up with demand and that they never stuffed channels and that growth was a sure thing. Whatever happened to all the Compaq touts? Next chapter, Dell. The big question is, all this bad stuff is happening to Compaq, Gateway, and MUEI, how come MUEI is the only one to show it in their stock price? 2. No, it is not me buying Genzl today. And too danged bad, too. <G> I filled my position earlier very close to the price "after" today's jump. The price got a bit on the silly side here recently, as this co. has a lot of potential and the financing with GENZ is a good thing, not a negative. 3. It is also not me buying Midway, though this time I filled my position lower than the current price. Again, the market went overboard killing this fine firm's stock. 4. Buying T-Bond puts may be my next big play. I have yet to pull the trigger, as several of the dumber hedge funds and some of the dumber mortgage Reits (O.K., none of them are rocket scientists) are still covering Treasury shorts against brain dead mortgages or taking pennies on the dollar for idiot IOs (Interest Only mortgage scams, designed for the brain dead who had a lobotomy first to make certain they could not think <G>). But after that is finished, I don't see much support for rates at this level. The weak economy is supposed to help, but folks who say that don't remember the word "Stagflation." I used to think stagflation was when I couldn't get a date and had to inflate a female doll. <G> 5. Kurlak surprised me and did not let the DRAM scam change his mind, such as it is. <G> He still doesn't like the chip stocks. But, as they said on CNBS, folks listen to him when he's bullish. Good luck, MB