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

To: Ilaine who wrote (37314)	11/23/1998 3:08:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

Coby, I think that most people who hang out here are utterly non-technical in their approach. So, for example, the idea that dell is not trading at its all time high is not so interesting. Most of us have given up on crystal balls as far as how far a rally or decline will go. What is interesting, using Dell as an example, is that it has a book value of 1.26, so is trading at over 50 times its book value. Trailing 12 month earnings are 1.01 so it is trading at over 62 times earnings. Many even question these numbers because they are so aggressive at accounting and stock buy backs which tend to make the ratios look better. So how high will it go, no one knows, but it already is silly. biz.yahoo.com

To: Ilaine who wrote (37314)	11/23/1998 3:09:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

I am not sure of much of anything except that when this rally began, stocks in general were terribly overpriced by historical standards, and that now they are a lot higher. And BEARX is the best vehicle I have found for making a bet against the stock market, especially against the fluffier segments of it. Anyway, I am not "so sure." I have only increased my BEARX position by another 10%, or by 20% of the cash remaining in my brokerage account. So I have some left to commit. Let's hope that what we have going here is a kind of stock market equivalent of the Battle of the Bulge.