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

To: Mary Cluney who wrote (39784)	12/17/1998 5:51:00 PM
From: accountclosed	Respond to of 132070

Mary, MB would do a better job answering this post than I. However, speaking for myself, I have long been a tech bull. It pains me to be having to buy puts as my primary exposure to technology. Technology has and will continue to improve our lives dramatically. The problem with great companies such as Dell, CSCO, etc. to me is what price I am willing to pay for that greatness. The overall market, and the nifty fifty more particularly are just selling at such premiums to their prospects that I can't buy them here. But I am much more along the lines of what MB preaches but few practice. Much in money markets, income plays, longs in oils, golds, cef's, and some puts. I think for some reason people want the home run rather than to keep hitting singles, so they always ask about the puts. But, speaking for myself, I dread "alpha"...i.e. that even the great growth companies of the future will be dragged down with the whole bubble when it pops. So for now, for me, the longs are special situations/beaten up's. Growth will be my style again, if we get to lower levels. I was long a ton of intc after the pentium flaw, which enjoyed three advantages: 1. beaten up 2. growth 3. secular revaluation of intc in market valuation from perceived deep cyclical to more steady performer. So, I'll be looking for the kinds of companies you seek. Everything in its season.

To: Mary Cluney who wrote (39784)	12/18/1998 12:00:00 PM
From: Knighty Tin	Respond to of 132070

Mary, Not to be nasty, but yours sounds like a see no evil, hear no evil, say no evil philosophy of investing. And that certainly allows the scamsters free rein to hype non-existent results. MB

To: Mary Cluney who wrote (39784)	12/18/1998 5:35:00 PM
From: Skeeter Bug	Respond to of 132070

mary, although i'm net long - by a lot - most people think i'm bearish b/c i am on many of the popular stocks. i get no joy from a company's stock price going down. i also get no joy watching all the longs contribute to an unsustainable bubble that will more than likely push this country into a deep recession when it pops. who created the bubble - the shorts? NOT! nobody is righteous here. we are all just evaluating different alternatives to make money and making our best plays. we have fun, too. we don't like layoffs and wish people well. we don't like recessions caused by bubble "mentality" but we wish everyone well when it hits. the goal is to make money and that, in and of itself is not a bad thing. many shorters are generous folks and help out those less fortunate. how you spend the money is much more important, imho...