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

To: Knighty Tin who wrote (33568)	10/8/1998 12:50:00 PM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 132070

MB- Mike AWESOME day for the Burkites! You may reconsider XRX puts after reading this...I'm thinking about adding more puts.... Message 5944059 B*

To: Knighty Tin who wrote (33568)	10/8/1998 9:20:00 PM
From: Larry P.	Read Replies (1) \| Respond to of 132070

MB, the drug stocks finally look to be on their way down. Most of the large U.S. drug co.'s are down 10 -20% from their high's but remain richly valued. Any short candidates here in your humble opinion? The due diligence I've been doing on JNJ LLY MRK PFE WLA hasn't turned up anything particularly 'wrong' with these companies. The stocks are just too rich. Somewhere I once read that you should NOT short GOOD companies even at extremely high prices, i.e. short (buy puts) lousy companies at high prices instead. What do you think? Larry