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

To: Knighty Tin who wrote (30848)	8/10/1998 12:43:00 PM
From: cardcounter	Read Replies (1) \| Respond to of 132070

>> I thought Sang went up because I recommended it I honestly was going to say that, but I could see your ego swelling to dangerous proportions. So I figured I wouldn't cause a shortage in Texas' hot air supply.

To: Knighty Tin who wrote (30848)	8/10/1998 1:06:00 PM
From: cardcounter	Read Replies (1) \| Respond to of 132070

followup on Templeton funds and their HK exposure We discussed them and value investing when there's 'blood in the streets' a little bit friday. Templeton funds loaded up on HSBC although they seem abit more reluctant in picking up anymore 'values'. They are really exposed to HK in a bad way. thestreet.com HSBC's disappointing results last week are just the beginning. We reiterate our recommendation that absolute-return investors sell short Hong Kong banking stocks. The territory is heading for price deflation and a further cascading down in real estate values. This will inevitably demolish banks' loan portfolios, given the enormous exposure of these banks to what has been the most overvalued property market in the world. That the consensus still does not grasp this fact is mind-boggling. Greed and Fear retains the view that the peg to the U.S. dollar will, in due course, go as Hong Kong falls victim to a retail panic. The renewed rise in the risk premium (the three-month Hong Kong interbank offered rate rose 89 basis points Monday to 11.14%) and the intense pressure on the renminbi in the Shanghai black market make it abundantly clear that the pressure is growing. The other swing factor is, of course, the yen. There is huge potential for a downside breakout of the yen should the currency decline below 147 against the dollar.

To: Knighty Tin who wrote (30848)	8/10/1998 1:41:00 PM
From: Jonathan P. Myers	Read Replies (1) \| Respond to of 132070

Hello Mike: What is your take on MCHM (Biotech) and KERA (Opthalmic)? And when do you think gold will turn around? Regards, Jon

To: Knighty Tin who wrote (30848)	8/10/1998 3:03:00 PM
From: PaperChase	Read Replies (2) \| Respond to of 132070

MB. Can you think of any acquisition targets for Lucent this fall after their accounting regulations change to support acquisitions? I believe accounting rules in the past may have been irrelevant for any small acquisitions. So my guess is that LU will be focusing on large acquisitions going forward. In September, the telecom sector will see its final rally before it corrects. With ERICY and LU shopping, Wall Street will rally all the telecom shares in anticipation. I bought a $25/$30 long strangle expiring in November on ADCT which is large enough to be a LU acquisition target. However, other than ADCT's broadband products, LU would not be acquiring much technology it doesn't already have. I essentially bought the $25 put to protect my long equity position in ADCT in case of a market crash. P.S. I'm using your thirds' approach for buying the strangle even though I believe you do not use strangles as part of your options strategy.