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

To: accountclosed who wrote (34749)	10/29/1998 7:38:00 AM
From: baggo	Read Replies (1) \| Respond to of 132070

Paul, I agree with your "retire debt" philosophy in this market. I've been paying off my mortgage in the last year and will be done mid '99. So what do I do with the 10k/month after the house is mine. Another decision. I'm dangerous with a lot of cash. Regards, Brice

To: accountclosed who wrote (34749)	10/29/1998 7:59:00 AM
From: geewiz	Read Replies (3) \| Respond to of 132070

Paul, Why purchase a car or house at this time? The coming correction of equities and slowing economy coupled with overbuilding of houses and world overcapacity of autos, this is in my opinion the worst possible time to make a material acquisition; the price of everything bought with borrowed money is about to fall. Consumers have taken on more debt than they can handle. Buy leap puts!!! Maybe I misunderstood your proposal. best,art

To: accountclosed who wrote (34749)	10/29/1998 9:05:00 AM
From: Skeeter Bug	Respond to of 132070

paul, you sound like you have a reasoned and balanced approach. congrats on the refi. when rates dropped that low i began to think about it. way too late as it turned out. 30 year mortgage rates are .35% less while the 30 year long bond is .9% less than when i financed my new home. i won't pay fees on my refi so i have to add a .25% to the 0 point rate. where does tha get me now? back at my 7.00% rate. no change. i won't refi unless i can get a 6.50% no fee refi. i may get it but i also may see the value of the home decline :-( i could have gotten it the day you refi'd. to little too late. my paperwork will be in if it happens again, though :-) good luck and i'll look through some of your longs a little later.

To: accountclosed who wrote (34749)	10/29/1998 1:06:00 PM
From: Michael Bakunin	Respond to of 132070

[OT: Ebay] You just don't know any Beanie Baby collectors. In short: they match sellers, mostly of collectibles, with buyers. An auction ensues; Ebay takes a fat cut. Ebay gets free advertising from sellers. Look at the collecting forums on the Snoozenet. I think they are an ideal put candidate, assuming options get listed. One, the stock is shockingly valued. Two, insiders' lockup ends in January. Three, their revenues are leveraged to collectibles' market prices. Remember baseball cards? Highly cyclical. IMO: Xmas cash drives trading, Ebay posts a great next quarter in three months, Stock rises, shorts get squeezed, stock rises. Put. mb