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

To: gbh who wrote (43220)	1/13/1999 5:50:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Gary, Plain and simple, these two companies are trying to deliver profits to insiders with shareholder money. If the shareholder gets a yacht, too, ain't that nice. But it is not a priority. I was long nearly all the great tech stocks at the bottom in 1991. I got out of most in 1995. There was simply other stocks that were cheap that were going to go up more and I bought them. Yes, I did start buying tech puts in late 1995 and have made a ton of money since then. Nothing like what the internut sheep make in a week, but very nice relative to the real world. <G> Before 1994, I was buying biotech and Asian puts and receiving the same comments about stocks in those two bubbles that I am hearing today about the tech bubble. I have a simple rule. I buy what is cheap and buy puts on what is overpriced. The market always catches on and follows, though not always immediately. MB