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

To: Knighty Tin who wrote (34603)	10/26/1998 8:45:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 132070

Mike, did you hear anything about this? Message 6170269

To: Knighty Tin who wrote (34603)	10/26/1998 9:47:00 PM
From: bluejeans	Read Replies (2) \| Respond to of 132070

The Pitch <G> moneypages.com moneypages.com

To: Knighty Tin who wrote (34603)	10/27/1998 12:35:00 AM
From: Richard Nehrboss	Read Replies (2) \| Respond to of 132070

Mike & All: Two questions this evening; 1) As to our discussion of adjusted dollars, etc, concerning 1920's and 1990's comparisons, does anyone know what (if any.. I think there weren't any) corporate tax rates were in the 20s? If they weren't any, PE comparisons are dramatically affected. 2) How can you play foreign companies that are dramatically undervalued (as you indicated?). I'm familiar with ADRs, but I assume the best values are not available in ADRs. Suggestions? Thanks Richard

To: Knighty Tin who wrote (34603)	10/27/1998 1:15:00 AM
From: gambler	Read Replies (2) \| Respond to of 132070

Mike, There has been a lot of talk lately about various option spreads and combinations. I almost have to dig out my favorite options book to refresh my memory of all the wonderful possibilities. I thought I would let all those folks whose heads are spinning when you talk about butterflies, bear spreads, bull spreads, etc. know about a book that talks about all of this and has helped me considerably to understand the possibilities. It helps you to think in whole new ways and devise money-making positions that you will be amazed at the lack of risk and possible high-returns. It really caught my eye on the shelf at the local book store with its title "Sure-Thing Options Trading" not to mention its cheap price. You have to love that title. Here is a link to it on amazon.com. amazon.com Ok Mike, onto bigger and better things. This next section is for you. I have a mind cluttered with positive thoughts (too much Napoleon Hill) and I have a hard time seeing the downside in trades I select. So I thought maybe you could show me the flaw in the following plan. I, like you, feel INTC is getting extremely overvalued and would like to take a position in it even before the Christmas lies. I think it is good for a ten point drop from here by January expiration. I love the fact that the CEO sold 1/3 of his holdings (I have not verified this %, I heard it from someone). We all remember how bad INTC tanked a few months after the last management dumping. He says it is just to pay Uncle Sam though. 700,000 shares or $61-62 million. So his income is over $120 million? I guess none of this really matters. The stock is overvalued. Anyways here is my play: ------------------------------------------------ SELL(write) (1) INTC JAN 2000 100 call for about $19 BUY (1) INTC JAN 100 1999 call for about 2 3/8 BUY (6) INTC JAN 80 puts for about 2 5/8= $15 3/4 total Per combo Credit $1900 debit - 237.50 debit - 1575 ------- Totals $87.50 CREDIT left in your account minus commissions Stock falls $10 by Jan exp. to $78 Buy back (1) INTC Jan 2000 100 call for $16 Sell (6) INTC Jan 80 puts for $6= $36 *Jan 100 call expires worthless Credit= $3600 Debit= $1600 ----- $2000 Net per combo put on with 0 dollars invested. What do you think Mike? Also, my broker says he requires $25,000 in equity to do a combo like this. Does that sound right or do you know of any brokers with lower requirements? Gambler

To: Knighty Tin who wrote (34603)	10/27/1998 8:03:00 AM
From: Merritt	Read Replies (2) \| Respond to of 132070

MB: Here's something to think about: biz.yahoo.com Merritt

To: Knighty Tin who wrote (34603)	10/27/1998 11:47:00 AM
From: Michael July	Read Replies (1) \| Respond to of 132070

First time poster on this thread but have lurked on and off since first of the year. MB....with the recent parabollic move in AMAT and NVLS are they worth buying puts on for a quick reversal....or is it better to wait till after the Xmas season? Also, do you still like KEA in the low 30's, even in this overvalued market? Your thoughts on oil service stocks after they have been marked down around 60%. I have been watching EWM since beginning of the year and share similar feelings as you on the outlook for SE Asia. My only problem is if there is a BK it will have a negative impact worldwide and all ships are sunk....even EWM and the gold shares. IMHO, cash would be king and even a small position in physical gold (for emergencies). Your thoughts. Thanks in advance.

To: Knighty Tin who wrote (34603)	10/27/1998 1:07:00 PM
From: upanddown	Read Replies (2) \| Respond to of 132070

Mike I would appreciate your advice on some calls I currently hold. cboe.pcquote.com The trade of 10 @ 1 15/16 on 10/09 is mine. The damn thing hasn't traded since and since the underlying has more than doubled, the option is above 9 and trading close to parity. I'am looking to exit around 10 and not sure how to sell such an illiquid option. How would you handle it ? Would I normally get the bid if I just sell at market or should I set a limit just below the ask ? Thanks for your help. John

To: Knighty Tin who wrote (34603)	10/27/1998 4:46:00 PM
From: MythMan	Read Replies (1) \| Respond to of 132070

Mike, do you think Brazil devalues? >>Tuesday October 27, 4:28 pm Eastern Time Wall St ends weaker as Brazil unnerves financials By Huw Jones NEW YORK, Oct 27 (Reuters) - U.S. stocks fell Tuesday after the latest data on consumer sentiment and rumors of a possible devaluation in Brazil reminded investors all is far from well at home or abroad. The past week's rebound in stocks was also seen overdone. ''The market sold off because of rumors about Brazil devaluing and they probably will, but not until next week after they get their IMF package,'' said Harry Laubscher, a market analyst at Tucker Anthony. The Dow closed unofficially off 66.17 points at 8366.04 ''The recent run up has probably gotten a little extended and we should have a couple of days of weakness before we start up again,'' Laubscher said. ''Any and all rallies you want to be selling into.''<< MM