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

To: Knighty Tin who wrote (34731)	10/28/1998 8:46:00 PM
From: Jason Cogan	Read Replies (1) \| Respond to of 132070

Mike: I am short Time Warner (from 86), for the very reasons you talk about. Unfortunately, I think the market loves their properties more than it hates their debt and lack of a bottom line. How do companies like TWX get people to look at EBITDA, and ignore the fact that all the cash flow goes to service debt payments and preferred stock? Also, what are your thoughts on WFC? Is it just the merger with Norwest that keeps this puppy flying so high, relative to all the other bank stocks? I know the theory is that they have little exposure to Asia/hedge funds, but doesn't that also mean they have less growth prospects ahead of them? How would you play either TWX or WFC? Much appreciated, JC

To: Knighty Tin who wrote (34731)	10/28/1998 9:55:00 PM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

What do you think about this idea of a LTCM-style unwinding of the massive short position in physical gold? #reply-6201159 Tom

To: Knighty Tin who wrote (34731)	10/29/1998 2:40:00 AM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 132070

Hi Mike- I had an order for more Dec 35 puts on XLNX at 1/2 but no dice yet.Would you buy them for 1/2 for a last leg in or start buying March's? TIA.... B*

To: Knighty Tin who wrote (34731)	10/29/1998 8:27:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike: After some study, I have concluded (much later than you) that we will be in for a bout of inflation. I also agree with your line that it will be accompanied by a recession. That said, other than a "first mortgage" what is a good hedge. I am not crazy about gold. Foreign CEFS's, a few dividend paying stocks and well placed bets on options both puts/calls come to mind. Got any recommendations I should eval thanks