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

To: Skeeter Bug who wrote (33551)	10/8/1998 7:25:00 AM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

skeets - ever heard of IBM?

To: Skeeter Bug who wrote (33551)	10/8/1998 12:00:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Skeets, I saw The Motley Morons on CNBS today and they were harping on the same theme: "Yes, 90 pct. of our stock picks are in the toilet, but we own AOL and Kodak, and they've done great." -g- How these goofs ever became popular, I'll never know. I guess people really want to believe that dumb folks can do as well as Warren Buffett and George Soros. Just like fat middle-aged men can shut down Michael Jordan one on one. -g- You have heard of the Dogs of the Dow? That's where you do no research (which is what makes it popular -g-), you just buy the 5 lowest pe ratio stocks in the Dow and, like clockwork, they outperform over most periods of time. It is not a bad strategy for those who are really lazy and don't mind waiting a while to make money and who are always bullish. Well, I have a reverse theory called The Lions of the Dow for bears. If the dogs outperform, guess who underperforms? Yup, the ones that are highest priced. I haven't done the work, because I don't really play systems, but my bet is that if you bought puts on the 5 highest pe ratios in the Dow, that you would do very well over the next year. What might be interesting is a mixed portfolio long dogs and long puts on lions. And, if it doesn't work, you can charge admission to the zoo. "When you were 8 and you had bad traits, They sent you to school to learn the golden rule." Well, the bad boys will soon be at $8 again. -g- MB