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


To: Knighty Tin who wrote (32137)9/2/1998 9:03:00 PM
From: yard_man  Read Replies (2) | Respond to of 132070
 
Cyber moment of silence you requested for XAL. <ggggg>



To: Knighty Tin who wrote (32137)9/2/1998 9:41:00 PM
From: baggo  Read Replies (1) | Respond to of 132070
 
MB,
Thanks for your response re: BEARX. I'm using this vehicle in my SEP as I see few alternatives at this time. I'm also long a couple beaten Y2k's. Are zero's an option in this environment?
I find it difficult to be a bear as I believe in technology. Absurd valuations haven't seemed to matter as long as boomer money flows to the funds. My friends actually believe 20-30% annual returns are "normal." When will it end.
I've thought since mid '97 that Y2K problems would dismantle world economies and markets; not "Yardenesk" proportions, but very serious.
Your thoughts on BIOTECH are interesting. CANCER is the new frontier -IMHO. New because we have improved diagnostic techniques, but really haven't made a dent in the treatment/cure modalities. Genetic engineering co's will make major advances in this area-soon. Drugs and and co's offering BS solutions-ENMD- are very suspect. CANCER is genetic material run amuk-period.
I'm rambling, but your comments would be appreciated.
It's nice to be involved in a civil thread.
Regards,
Brice
Looking for some Mark McGuire type shorts!





To: Knighty Tin who wrote (32137)9/3/1998 6:56:00 AM
From: PaperChase  Read Replies (1) | Respond to of 132070
 
MB. The last remaining bulls on some SI threads are stating affirmatively that there will be a rally in tech stocks once "the big time fund managers return from their vacations after labor day." This sort of implies that only dummy fund managers are at the helm now losing billions of dollars. <g>

If I was to make a best guess here on market activity surrounding the long weekend I would guess the market rallies early Thursday morning, and then sells off steeply in the afternoon. Then Friday, there will be a slight comeback rally to close the day to the plus side. The trivial plus side gain on Friday's close will allow everybody to enjoy the weekend.

Is there any validity to the "vacationing bull fund managers" theory?