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

To: Knighty Tin who wrote (39999)	12/19/1998 3:58:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 132070

>>It is hard to describe what is about to happen to investors in this area, but you hope you can make them realize that it will not be fun.<< Gee MB, you don't give up easily. Isn't it time to admit you have been wrong about MU and some other recent tech stock put candidates? Pardon me for intruding but in retrospect it seems that your profitability is coming from trading the normal downside volatility that occurs after tech stocks double in a short period of time. Over the past 2 years, your put target prices have kept increasing on the likes of MU, GTW, IBM. (Of course your target would have to because these stocks have been going up.) I know many of these tech companies are playing games with their numbers. (I was originally a fundamentalist too.) But the bottom line is that no one is going to admit to this fact before the next upcycle is underway and the past is dismissed. Is this the greater fool theory? Yes, but it is profitable. And what happens next year when the street starts the annual spin about Japanese money flowing into the U.S. market? Try NASDAQ 2200+ and DOW 11,000 (I'm being conservative with these estimates). A bloated PC channel? Maybe and maybe not. So what? The street will spin any negative inventory situation as "this is to be expected every year" and stock prices will go up. If MU could trade at $28 while being immensely unprofitable, then it can trade at $75 while being immensely unprofitable. (MU @ $75 is my target price by March/April '99) We are at war and Clinton's administration is weakened, and the stock market zooms up. Maybe Barrons will tell us all tomorrow about how this is all wrong so that the market can then go up some more. Does anyone here challenge your thinking any more or am I the only bad boy around these days? <G>

To: Knighty Tin who wrote (39999)	12/19/1998 10:31:00 AM
From: accountclosed	Read Replies (3) \| Respond to of 132070

I have found the anti-Burke and guess where he/she lives? Houston, TX! <g> Favorite Stocks CSCO, CPQ, DELL, MSFT, Schwab, SBUX, SEEK, XCIT, AMZN Member 3387435

To: Knighty Tin who wrote (39999)	12/19/1998 10:40:00 AM
From: Ilaine	Read Replies (2) \| Respond to of 132070

Last night I was mousing around SI, read some TAs posting about a techstock I follow (from afar) and they were agreeing that if the stock closed above some MA, then they would buy some, but if it went down they would not. I was thinking I would buy some if it went down until I read that. Now I just feel bemused. Last night, I was reading about the crash of '87, and how the market lost 22% in one day. I did not realize it could go down that fast. I posted before about feeling like my cat, when I caught her on top of the stove trying to fish the hot meat out of the pot of boiling stew. I want the reward without the risk. You posted to Denice that it is dangerous to be long at the top of a manic bubble, and I agree, but what about being long in things that are out of favor, like IMPAY, DBRSY, EWJ?