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

To: Knighty Tin who wrote (33426)	10/6/1998 10:52:00 AM
From: kahunabear	Read Replies (1) \| Respond to of 132070

Yeah, I am holding off on that credit spread narrowing strategy we talked about. How can anyone pay $5 more per share today than they did yesterday for MOT ? WS

To: Knighty Tin who wrote (33426)	10/6/1998 11:30:00 AM
From: kahunabear	Read Replies (1) \| Respond to of 132070

It makes great sense. Don't finance risky things like mortgages and emerging market utility cos. Instead, finance internet companies with no earnings. It will be interesting when they tap out their current funds and go for more. If I was running Yahoo or AOL, I would do the biggest stock offering I could. Who cares if it falls in half, I would still be getting free money, WS

To: Knighty Tin who wrote (33426)	10/6/1998 4:07:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 132070

MB <<I am not adding oils right now as they have had a run. I like to buy after they've had a fall. Besides, I am pretty full in the production and services area.>> Gee, I guess I'm contrary on this one. -g- I added a small position of March calls on VRC today. It hit and(hopefully) bounced off the 1991 "high" today. They still have a backlog well in excess of $100 million despite some cancellations and expect to earn 22-25 cents this quarter.