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To: John Pitera who wrote (52128)	7/19/1999 1:24:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 86076

Thats what I meant John, I use different terminology than you do. By liquidity I mean too many stocks available for purchase by too few dollars, the exact opposite situation of what we had in April when there were so few public internet companies after Amazon had that tremendous Xmas validating the model. There is a pretty clear deliniation between junk and quality though with only a few companies crossing over from when they IPO'd (gnet is one that went from junk to quality). Amazon remains my favorite net stock, I think you guys are way wrong on that one btw, its a long.