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

To: Knighty Tin who wrote (32257)	9/4/1998 5:45:00 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 132070

MB...thanks for the advice on choosing the NEM 2000 30s. I did sweat a bit when they dropped 25% but followed your plan(almost!) and bought the other 2/3 on the dip. What a difference a week makes. Now up about 45% with a year and 4 months to go. I must admit that it was hard not to deviate from the plan and buy more than I intended. How do you discipline yourself on the buy and sell? Personally, discipline has come through painful experience. -g-

To: Knighty Tin who wrote (32257)	9/4/1998 6:30:00 PM
From: Kathleen capps	Read Replies (2) \| Respond to of 132070

Michael, Since you had three months left (these were Jan 110's, right?) why did you sell now. Since you expect it to go down more, why not hold the original puts a couple of months longer? I thought that was in the spirit of "swinging for the fences". I'm trying to understand, since I've had a few winners that turned into losers by holding too long. And then I've gotten scared out of a position for a small gain, just to watch it turn into a big profit without me along for the ride. Yet I can't afford to take small gains consistantly since the number of puts that expired worthless have far outnumbered the ones that made money. Kathleen

To: Knighty Tin who wrote (32257)	9/5/1998 8:25:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 132070

Intel earnings estimates have been pushed higher for the second half "recovery". What is interesting is that Piper Jaffray analyst Ashok Kumar is the one raising earnings estimates. In the past he has been publicly negative on the prospects of tech stocks like CPQ. (So much negative that I thought he would be looking for a new job.) I'm confused by this stance. If a boxwrecker like CPQ is not expected to do well then how will Intel flourish in the second half? Piper Jaffray has a tendency to make terrible calls so I look forward to seeing how this plays out. Wouldn't it be a riot if Intel warns this quarter and ends up making analysts look like clowns (again). From CNET: "Two analysts, Mark Edelstone of Morgan Stanley Dean Witter Discover and Ashok Kumar of Piper Jaffray raised their earnings estimates on Intel for the third quarter and for the year due to growing PC demand."