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

To: Thorr who wrote (32324)	9/7/1998 11:57:00 AM
From: Knighty Tin	Respond to of 132070

Thorr, I think Chase Gypem Morgan, and BT have as much exposure, and that Wells is overvalued, though it does not have the same sorts of problems. Its problems is all the brain dead index money it is managing. No matter what else happens, the fees from that business have declined by 18 pct. even without any customers wising up. But it is late to start on the banks. They have lower to go, but they are temporarily oversold and I would hold off for a rally to initiate positions if I didn't already have them. Good luck on Cien. So far, TLAB has dropped to fill any discount. -g- I like your other puts, though I would be careful of MU. The phony eps come out soon and they will be a disaster year over year, but could be up a little from last quarter, or, I should say the loss could be down a little. MB