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

To: Knighty Tin who wrote (38972)	12/10/1998 5:50:00 PM
From: accountclosed	Read Replies (1) \| Respond to of 132070

MB, enlighten me on a mark to market issue. I religiously mark my portfolio to market each night. For conservatism sake, I mark long options to the bid and short options to the ask. Long dated options are pretty wide, so even this immediately adds a distortion that makes it look bad right out of the box. But last often doesn't even exist on long dated options as there may be no volume. Also on stocks, as the specialists close their book for the day they often widen the spread considerably to bring the trading to a controlled close. The same appears to happen with options in many cases, although it is clearly a matter of personal style of the specialist. Anyway, what do you do? What price do you use?

To: Knighty Tin who wrote (38972)	12/10/1998 7:02:00 PM
From: SeaViewer	Read Replies (1) \| Respond to of 132070

All those guys are shameless. NSM just posted a bad quarter this morning. It seems one must be shameless to work on the street. Jeff

To: Knighty Tin who wrote (38972)	12/10/1998 10:04:00 PM
From: james paterson	Read Replies (2) \| Respond to of 132070

Mike, "The earnings are there". Those guys are either pathological liars, desperate or deluded. Probably a combination of the above. They only ever talk about sequential earnings, never year over year. I hope they lose their bonuses & jobs. Shorted NVLS today. James

To: Knighty Tin who wrote (38972)	12/11/1998 9:55:00 AM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, Another small, insignificant co. where the bad results are specific and have no bearing on the economy in general warned today. You may not have heard of this co., but it is called Coca-Cola. I keep mentioning these pink sheet cos. like Coke and Boeing and Merck and Deere and Proctor and Gamble because I am a bear and I don't have any important cos. warning. The bulls are much smarter, because cos. that are important to the economy, masters of industry like eBay and Broadcast.Com, have no eps and hardly any employees, so there is nothing to warn about. <G> MB