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

To: Knighty Tin who wrote (33575)	10/8/1998 2:37:00 PM
From: bluejeans	Read Replies (1) \| Respond to of 132070

With the change in the currency rates, is APF still good at this time to purchase? BTW: I think the big face money belongs in a monopoly game. Most people would be the car or the dog. You would probably be the banker <G>

To: Knighty Tin who wrote (33575)	10/8/1998 2:41:00 PM
From: Cynic 2005	Read Replies (3) \| Respond to of 132070

Mike, So far (today) it seems like it is only panic in Techs. The real market panic is not here yet. Or is it? Apparently the Feds are talking over the phone to see if they can cut rates. With greenback being trashed, at this juncture will it be prudent to cut rates? Me thinks as soon as (if at all) they cut, there will be a massive short covering rally and then a BK. What do you think?

To: Knighty Tin who wrote (33575)	10/8/1998 3:45:00 PM
From: Exacctnt	Read Replies (1) \| Respond to of 132070

Mike, An interesting development is taking place between American Home Products and Monsanto. As you know, AHP and MTC have agreed to merge. MTC shareholders were to receive a 1.15 to 1 premium in the share swap. Currently both are trading close to the same price $48 1/2. Have you ever played the spread when one or the other company is priced wrong? Granted there is a dividend consideration and a time element involved, but that shouldn't cause the stock for both to trade close to the same price. Any insights? Regards, Bob

To: Knighty Tin who wrote (33575)	10/8/1998 5:50:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

To all, Two first third portfolio moves today. One I've been threatening for a long time and the other is a complete 180 degree turn on my part. 1. I bought Keane today while it was down. I did not get the bottom. I picked it up at $26. I still think the year 2000 will happen. <G> I've been huffing and puffing at this one since the mid 40s and finally made a muscle and took a swing. 2. I bought Mexico Fund today. Yes, I have long said bad stuff about Mexico and most of it is true. I think the country is bankrupt. But many of the companies are solvent and profitable. It really is not a change of heart as much as a change in price. I think the stocks, ex TelMex, are cheap and the fund has a deep discount. So, from now on, the only beers served at Casa de Burke are Corona and Two Exxes. 3. I still haven't figured out what happened with my CitiGroup puts. The broker who bought them for me was useless, my Japanese broker didn't know what I was talking about, and I couldn't reach anyone who knew anything. Good Luck, MB