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

To: Knighty Tin who wrote (32410)	9/8/1998 6:28:00 PM
From: Amir Shalit	Read Replies (2) \| Respond to of 132070

Mike, regarding puts on AMZN, I tried to log in to Borders web site and you can actually find somewhat cheaper books at Borders. I think it's only a matter of a short time that the herd will figure out that anybody can put up a cheap web site and undercut AMZN. Actually, these cheap sites can refer their customers to AMZN's to do some book research banking on AMZN huge investments in book catalog and search engine and than go back to the cheap site to place the order and save 50 cents. <VBG> Amir

To: Knighty Tin who wrote (32410)	9/8/1998 6:55:00 PM
From: Surfer	Read Replies (2) \| Respond to of 132070

Hi Mighty Mike and Anyone else: There is a discussion going on about "Plunge Protection Team" in the misc.invest.stocks newsgroup. They are referring to the articles in the W. Post, NY Post & The Telegraph. Last week, Friday (9/4/98) towards the end, about 20 minutes or so before the market closed, the Dow was about 190 points down and came roaring back within 40 points down by the close. One person wrote that CNBC reported that wave of large blocks of buy orders came in... In the newsgroup, misc.invest.stocks, they are speculating that may be it was Plunge Protection Team that was sending the buy orders... Can it be true? Is it possible? If true, what a perfect timing to shift investor psychology. Mighty Mike, it looks like psychology is shifting towards the Bull run?? Look at the Hong Kong Market. The Goverment buying is working at least in the short term. If it could be confirmed that it is happening here in US markets also, shorting the market may not be prudent. Your opinion please. Thanks.

To: Knighty Tin who wrote (32410)	9/9/1998 1:16:00 AM
From: upanddown	Read Replies (1) \| Respond to of 132070

Mike, I know that you are strongly bearish on the general market and I'am sure that won't be fundamentally changing as a result of today's action but let's say you see a strong rally of uncertain length developing. How do you change your strategies to take advantage of the rally without changing your basic bearish stance ? John

To: Knighty Tin who wrote (32410)	9/9/1998 3:06:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 132070

MB. The manic bubble is alive and well. I believe if a lot of hedge funds and even tech mutual funds etc. were in bad shape, we would not have seen this size rebound. It is much too large. So my guess is that once again the large cap market ignores all the Asian problems for the rest of the year. This type of sell off and rebound happened last year also. The bulls wait for the slightest bit of news to twist to justify their buying spree. (Some talking heads on TV are talking about how this huge rebound is great for the economy. Huh?) The Dow has retraced 600 points of its decline. That's good enough for me to conclude that the bears can't count on the broader market to help them out with their individual equity puts. The danger I see for a bearish stance is that the fund dumbs essentially ignore the coming earnings warnings and say the bad news is already built into stock prices. Same old bull. I know both you and Bill Fleckenstein were both looking for a manic return of the Dow above 8000. I just don't think it'll retrace much more to the downside. Thoughts? P.S. If Clinton resigns that might cause the market to rally. <G>