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

To: Alohal who wrote (55782)	4/13/1999 2:55:00 AM
From: moonsparks	Read Replies (1) \| Respond to of 132070

Aloha, You just don't get it do you? But that is to be expected from a dellhead like yourself. Mike is not betting on market direction. He is betting a limited amount of capital on high multiple stocks like CPQ, DELL, MU, CDWC, etc, with the potential to make huge percentage returns. The absolute risk in his 90/10 system is 10%. Do you understand that? No matter what the market does, he loses 10% at most in a given year. I repeat - if the market goes to 20000 this year, the most he could lose is 10%. Can you get that into your head? The market doesn't have to cooperate with him for him to achieve great returns. Look at yesterday - DJIA up 165 points, MU down 6.5%, CPQ down 22%, the stock you are in love with down 4%. Am I going too fast? So I'm sure it's okay with Mike if you come here and throw a parade on Dec 31,1999 if the market is not at 4800, because you'll be the one that looks stupid. But that's probably nothing new for you. Dellheads always come to this thread and look like idiots. Let me ask you question - do you use any kind of money management system? What is the absolute risk in your portfolio? Do you think that nonexistant revenue growth is healthy for an industry? What about for an industry that features companies with multiples in the 80's? Thanks in advance.