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To: Zeev Hed who wrote (37449)	8/13/1998 4:56:00 PM
From: yard_man	Respond to of 53903

You'll like it over here. <g> There's a few other indexes that ain't lookin too good either. Banking index is one.

To: Zeev Hed who wrote (37449)	8/13/1998 5:27:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 53903

Zeev, Actually, the move from $95 to $17 and from earnings to large losses is all the vindication I will ever need on this dog. The rest is gravy and end game flim-flam. But it would be nice if it took another undeserved run up to $45 or so. I wouldn't turn down another several 100 pct. profit on puts. You brought up one of my favorite subjects, the transports and my lovely airline puts. The worst thing I see is that the bond market looks awfully peaky. Everyone is saying rates are going lower and there is no risk of losing money in the bombs. Gee, I always believe that after a huge move up in bond prices, when money markets are yielding less than 100 basis points less than 30 years, that there is nothing but risk. I agree with you on MU, but I have been amazed this cycle how much the crowd really wants to buy this loser of a company. It happened in the previous two downcycles, also, and they haven't soured on this perrenial loser yet. I have never owned a share, but I am thinking of buying one just to see if owners get some benefits I haven't heard about. -g- MB