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To: Schmoople who wrote (19793)	10/3/1998 3:52:00 AM
From: Gil Gilbertson	Respond to of 164684

Re: BRCM...."A bird in the hand is worth two in the bush!"

To: Schmoople who wrote (19793)	10/3/1998 9:08:00 AM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 164684

Notional value... Schmo, forget that 1.25 trillion figure that the financial press bandies around to scare people. 1.25 trillion is the notional value of LTCs derivative bets. 1.25 trillion was NOT at risk, because the derivative bets were tightly hedged, like 500 billion long and 500 billion short, with slight differences in calendar or vertical spread. The true figures are that LTC stood to lose 100 billion. This is a pittance in financial market terms. But the big fear was that there were many others like LTC. Look at the rumors circulating about GE Credit, which is after all a kind of hedge fund. Will there be more? I don't know. Look on page B2 of Saturday New York Times. There is mention of Bearn stearns having loaned money to individual partners of LTC. These partners are facing personal bankruptcy, so Bear Stearns is renegotiating their loans. It is getting very interesting.... DocStone

To: Schmoople who wrote (19793)	10/3/1998 3:12:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

>> I have to agree also with the fact that AMZN and YHOO are prime bubbles with no foundation << Oh, I think YHOO has a solid foundation for the future. The problem with YHOO is the price, not the fundamentals. AMZN is an entirely different story, it's insanely priced and has weak fundamentals. >> What are your thoughts on the short term effect of the new filings for BRCM? << I don't advocate shorting stocks solely on the basis of a lock-up expiring. I would have to come up with several other reasons before I would short it. Of course a falling market coupled with a thin float can make a stock like BRCM fall real quick, so I am not saying that it can't go lower. I just wouldn't short it because of the lock-up alone. In fact, I am considering going long BRCM here soon, sounds like too many shorts are piling on.