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To: Lizzie Tudor who wrote (61946)	6/11/1999 1:58:00 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> I'm just looking for something that I think will go up in the near term. When you find something, I'd like to get some, too. Unrelated, why are you so negative on Compaq. It is churning at its low for a while now. It seems a good candidate for a bounce.

To: Lizzie Tudor who wrote (61946)	6/11/1999 2:41:00 PM
From: H James Morris	Respond to of 164684

>>I'm adding priceline to that IRA I told you about too. << Michelle, I'm not in the advice giving business, but because your a Cal girl I will. I don't think I would buy a speculation stock, and put in my IRA. Before I get into this, It's not about my impression of pcln. I don't even follow it. Here's the problem of putting it in your IRA. If your stock goes up and you sell, that's fine and the capital gain is deferred. Now, if pcln goes down, and heaven forebid that doesn't happen, but lets say your forced to sell it, @ substantial loss. Outside of an IRA, you can now take that terrible loss and right it off against your wonderful gains. I don't know what tax bracket is, but that's a wonderful experience that you can't get in your IRA account. This is not a lecture, but I feel that an IRA should only be used buying value stocks, cd's, bonds, high yield junk, etc, building up towards your retirement. The reason I do not put speculation stocks in either my IRA and SEP is for the above reasons. Here's an example. I have a friend of mine that has made a $bundle in the market.His problem is he bought a speculation in his IRA, and also lost a bundle. He would love to take that loss against his substantial gains, but he can't because its stuck inside his IRA. Now, someone might jump in here and tell me to stop my advice, because they don't feel that Pcln is a speculation stock. Michelle you look @ the highs off all these I-net stocks and then look @ what they're worth today. If your eyes don't see speculation, I'll have to send you back to Cal, to get some glasses. Nice weekend to you. I just got off the phone to a friend of mine in San Francisco. He told the weather is great. It appears the whole west coast will be beautiful for the weekend.