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To: KeepItSimple who wrote (66136)7/2/1999 11:13:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164687
 
>>these companies will never make one thin dime

So let's be practical. You're long, or short, or what? GST tells us AOL closed over 115. That would never happen. A close over 100 would never happen!

You told us to sell our Amazon at 92 late on June 14 and go short. Had I done that on 50% margin my account would be around zero tonight.

You haven't changed your meltdown prediction. Help me out here. Did you sell the "rest" of your calls today?



To: KeepItSimple who wrote (66136)7/3/1999 2:33:00 AM
From: DOUG H  Respond to of 164687
 
Define growing, will you? >>>>>>>>>>>>

This means after tax profits are greater one period, qtr. over qtr., or yr. over yr.

<<<<<Giving more dollar bills away for 95 cents than you did last quarter doesn't mean squat to me. Hiring more advertising staff doesnt mean squat either. Building 7 new "campus" style buildings doesnt impress me that much- Netscape tried it and never earned a profit afterwards.

**********
Why is it that the one thing that never seems to grow, is profits?
**********

Everything else grows.. Losses, expenses, marketing costs..

Yet profits still never grow! I guess it will take a while for people to face the truth and realize that most of these companies will never make one thin dime in profits for anyone except the insiders who are laughing all the way to the bank. :)>>>>>>>>>>>>>>>>>>>>>>>>>>>

There are many companies in the internet space that actually spend less than they bring in. Cisco,AOL,etc. But what do you care? You play short you play long, your'e in , your out, like a flash. 8 browsers and 2 brokers, making $ in good times and bad, just a friggin money machine. Cha ching, cha ching!!!!! right? What I'm suprised about is how you can be so right and everyone else be so wrong. Like your call on the 1/2 point call on the Fed move, I mean, brilliant! Everyone else thought, 1/4 pt. sure showed them. What's that? Fed raised 1/4 pt. not 1/2? Sorry, I guess that was wrong.

> Can any one name an internet stock growing so slowly that it can >only fetch a 30 PE?