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

To: Ilaine who wrote (45016)	1/29/1999 9:42:00 PM
From: Knighty Tin	Respond to of 132070

Coby, The guy who sold me a pet rock used almost the same logic. <G> MB

To: Ilaine who wrote (45016)	1/29/1999 10:05:00 PM
From: Earlie	Read Replies (1) \| Respond to of 132070

CB: Good comments. Many "E-traders" haven't got a clue that when you factor in the debt, many stocks that are trading at silly-putty levels are actually worthless. The assets are already essentially "owned" by the debt-holders, unfortunately, typically at "pennies-on-the-dollar" ratios to what they put up, and only if they are first in line. Fundamental research is grunt work,... not for those who don't like a bit of grease under their fingernails as it were. Too much work, compared with either watching the Omega charts or buying for the long haul. This is actually a small part of our "only the mortally wounded" short strategy that we have mentioned in the past as a survival approach for shorts hoping to emerge from this massacre with a bit of fur. I love companies that are staggering under big debt loads, and during this last two years, many have sure loaded up. Tote that barge,...lift that bale. (g) Best, Earlie