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To: Stitch who wrote (302)	12/4/1998 5:50:00 PM
From: Bruce Russell	Respond to of 1989

The same thing happens to me with the "sure things"... Is WDC a story that I don't know? Out here n factory land it is still a screaming short.

To: Stitch who wrote (302)	12/4/1998 5:54:00 PM
From: LK2	Respond to of 1989

The story on WDC has at least two parts-- Part 1--The Fed Reserve has been lowering interest rates. Part 2--There are stories (rumors, whispers, guesses) that things are getting better for the disk drive sector (look at recent reports by INTC that sales are better than previously expected). Part 3--Forget "value" based on trailing earnings (or lack of), trailing revenues. The stock market looks ahead, even if it doesn't know what it's looking at. Could WDC come back down to 7 or lower? Sure. But it can also go much higher. Didn't I just say something like this a short while ago, in regards to APM? Regards, Larry PS--The positive noises made by WDC at the Arizona tech conference didn't hurt the stock price any.

To: Stitch who wrote (302)	12/5/1998 9:29:00 AM
From: Carl R.	Read Replies (2) \| Respond to of 1989

Shorting is a funny business. Remember that stockholders want to believe good things about their company, so at the first sign of good news the stock runs up. I shorted APM at 20 only to watch it go to 30 and kill me. I said, what the heck, and went long from 30 to 34 even though I believed it was worth $10. I shorted it again at 25 on the way down, this time much more profitably. Just as good stocks go straight up, bad stocks rarely go straight down. They tend to move up with the sector - for awhile - but eventually these sort themselves out. I have learned that I don't feel comfortable shorting stocks for long, so I rarely do it long term. Buying puts does take some of the risk out of it, though, so I usually go this route these days even though you have to pay a time premium. Another approach is to take a hedged position - long a good company and short a bad one - in the same sector. This strategy can be frustrating because both move together most of the time, but can work in the long run. Still it can take years for differences to become clear. As I said, I don't like shorting long term, so my answer is usually short term shorting or buying puts. Mostly I try to pick good companies and go long, especially in rising markets. Carl

To: Stitch who wrote (302)	12/6/1998 9:57:00 AM
From: LK2	Respond to of 1989

*OT* Getting married can be expensive. (Is the stock market any crazier than the rest of the world? I don't think so. And the camels would probably agree.) For Personal Use Only ===================== foxnews.com Emirates impose jail sentences, fines for lavish weddings 9.19 a.m. ET (1419 GMT) December 6, 1998 DUBAI, United Arab Emirates (AP) — Couples planning lavish wedding in the Emirates now have more than the guest list and venue to consider: the possibility of time in jail. A new law imposes a prison sentence or a $137,000 fine for couples who have expensive weddings, the Gulf News reported Sunday. The law aims to make it more affordable for young men to marry local women, the paper said. High wedding costs have forced many Emirates men to seek foreign brides. Sheik Mohammed bin Rakad al-Amiri, an official with the state-run Marriage Fund, said a groom should not have to pay a dowry of more than $13,700 and slaughter more than 21 camels on his wedding night. Dowries and other wedding expenses, including the cost of a dress and jewelry, can add up to more than $70,000. Al-Amiri said the length of jail terms to be imposed — and the maximum allowable price for a wedding — have not been determined. © 1998 Associated Press. ===============

To: Stitch who wrote (302)	12/7/1998 9:32:00 AM
From: LK2	Respond to of 1989

RE--shorting (also applies to long)-->Is WDC a story that I don't know? Out here in factory land it is still a screaming short.< Below is a post that says a company and its stock price are two separate factors. The poster says, in a clear, concise way, what I've been mumbling about for a long time. Actually , we are all already familiar with the basic idea, but ideas tend to get lost/forgotten/ignored as we watch our favorite stocks misbehave in such an irritating way (costing us real money, besides). >>>>>>>>>>>>>>>>>>>> Message 6715685 Talk : Semiconductors : Applied Materials [AMAT] To: Brian Kerecz (26945 ) From: Eugene Kearney Sunday, Dec 6 1998 8:13PM ET Reply # of 26971 Brian, Richard is consistently even tempered and humble in his posts. Let's not get too carried away here. It has been a long year for a consistent bull like yourself and you took a lot of shelling for it. You desrve lots of credit for your decisions and your consistency. The funny thing is that you are right about prices now, but the bears have been right about the business. It has gotten and stayed about as awful as anyone would have guessed. But the street is looking way ahead now. This could change, again. If the business turns soon, I mean strongly and management becomes positive, the game is over, or this round of it until the next cycle. We are not quite there yet. I hope that it calms down on this board. There was a lot of anger here in September 97. The level of disputes rises when the stock price disconnects with the current business activity, in either direction. We are either going to see a strong pull back within 4-5 months, or business will explode within that same time frame. <<<<<<<<<<<<<<<<<<