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


To: Knighty Tin who wrote (56958)4/22/1999 1:35:00 PM
From: Earlie  Read Replies (1) | Respond to of 132070
 
MB:

I despise this guy, but we have to give him credit for understanding both the temper of the times as well as what the sheep will digest.

I have pestered institutional types to just lay out 10-12 quarters worth of IBM numbers and READ them as well as think a tiny bit. Stock up by 400%, in spite of NO growth, DECLINING quality of revenues, and shareholder equity DISAPPEARING like an ice cube on a summer day. I don't even mention the massive insider selling anymore. You of course know the answer,..."I have to be here", or,..."You don't get fired for owning IBM".

Brilliant.

I love stocks where the risk-reward ratio ceases to be a ratio, especially on a big upside day. (g)

Best, Earlie