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

To: John Riggs who wrote (35456)	11/6/1998 3:38:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

John, New all-time highs are possible, but I think stock rotation will slow down that trend. But if it comes, even better. I felt much better holding lots of puts at 9300 than I felt holding a few at 7600. A stock split may take place, but IBM has always used the Amarillo Slim pricing strategy. Slim, former world champion poker player, always bought twice as many chips when he set down at the table. That way, the folks would think he was winning. IBM, back when it was a good stock, always kept the shares fairly highly priced relative to other issues. That was so folks would think it was a good co. I remember it with a handle in the 300s. Only the fact that they stopped growing made the shares go lower. Splits were rare and from a fairly lofty level when they did occur. MB