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

To: Earlie who wrote (53221)	3/23/1999 7:13:00 PM
From: Michael Bakunin	Read Replies (2) \| Respond to of 132070

The current consensus appears to be somewhere between "I bought at the high and can't take the pain" to "load up on margin because you'll never see this price again". I like arguing with Bukun (BGR), though, so I keep dropping by. He currently thinks ASPs and margins have to come back because mpc and boxmakers won't be able to keep up with red ink. Somehow, the coming shakeout will be good for Dell. But the crazies are alive and well; take #reply-8481927 for example. Don't forget "Dell will crash and burn" types, drawn by a rusty blood odor.

To: Earlie who wrote (53221)	3/23/1999 8:23:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

Earlie, I went over on the Dell thread today and dropped some dismal statistics on them. I counted up all the outstanding LEAP put contracts on DELL (something like 60,000) and tried to guess the effect on the company's capital if they had indeed written many of these. When I was a child, just beyond the school playground, where it dropped off, known as "the dump", were yellow-jacket nests in holes in the ground. The game was to put a stick in one of these and take turns running past it, wiggling the stick as you passed, and not get stung.