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

To: Knighty Tin who wrote (30463)	8/2/1998 8:37:00 PM
From: The Perfect Hedge	Read Replies (3) \| Respond to of 132070

MB- Keeping cool in Houston? I know you were talking about puts on HOT...Here's an article worth a read...Would you buy puts asap on HOT? B

To: Knighty Tin who wrote (30463)	8/2/1998 9:46:00 PM
From: Mike M2	Read Replies (2) \| Respond to of 132070

Mike, from the bubble thread lowest savings rate since the depression. #reply-5376869 heard on Tv that Monica travels in disguise with blonde wig and sun glasses. Mike

To: Knighty Tin who wrote (30463)	8/3/1998 12:18:00 PM
From: Thomas M.	Read Replies (2) \| Respond to of 132070

For the Love of Hacking forbes.com Are the hippies going to bail out your MSFT puts? <g> Tom

To: Knighty Tin who wrote (30463)	8/4/1998 3:02:00 PM
From: Ilaine	Read Replies (1) \| Respond to of 132070

Hi Michael, Thanks for the info on index funds. It did not make me feel any better, I must admit, basically confirmed my suspicions. Yesterday I got up at 4:30, watched the Asian markets for a while, and then about 6:00 a.m. drove to Pennsylvania and closed out my Vanguard index fund accounts. Missed most of the bad traffic. There and back took about 6 hours. Pretty day, cool in the a.m. I drove straight to the address on the monthly statements, kind of a smallish building, and went in. I told the man at the front desk that I wanted to close out my Vanguard account, and he sighed. He told me I needed to go to the "main campus," and gave me a map. Felt pretty silly once I got there, don't know if you have ever seen it, but the Vanguard Group has several sites in the Philadelphia suburbs, fantastic architecture, just the perfect mixture of solid old brick and modern glass and metal. I drove from site to site, trying to find customer service (hate to ask for directions). Really impressive, acres of modern buildings and parking lots full of nice cars, no Jaguars or Rolls, just your basic stuff, but all shiny and new, Pennsylvania plates. A nice place to put your money, if you are into that sort of thing, makes you feel safe. On the Main Line, don't you know, lots of quiet money around there. Finally found Investor's Service. In the Investor's parking lot were cars from all over, California, Ohio, even Nova Scotia. People going in and coming out with pleasant expressions, mostly older people, upper middle class. I got in a line like one at a bank, with those long leather separator things hanging on chrome stands. The teller didn't bat an eye when I told him I wanted to close out my account, and the couple standing behind me gave a check to the next teller, so I wouldn't say there was a run on the bank. Probably business as usual. I felt a little paranoid when the teller did not need to look at my driver's license. Made me wonder if they ran my license plates once I showed up on their video cameras. So, I watched the market go down today impassively. Is it the Big Kahuna? Is it normal market fluctuation? I don't know. I did see something strange in the most recent Value Line. Instead of advising investors to keep a percentage of their money invested in stocks rated 1 and 2, it advised caution. It was a round up issue for the first six months, maybe that's the way they do every six months, I haven't been doing this long enough to know. I feel fairly confident that the individual stocks I picked will hold up over the long run, and I am looking forward to buying more. Even though I keep reading that stock picking can't beat the S&P 500, I felt helpless watching the index fluctuate. I can't say that my individual stocks are doing better, but I feel a sense of control, which feels good. See you, CobaltBlue