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To: Sarmad Y. Hermiz who wrote (68438)	7/20/1999 2:42:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

I wish it was easy money - but of course EBAY has gone up since I shorted (it is now up point). I see the recent run-up of stocks combined with the current lack of news and uncertainty with the Greenspan meeting this week as all contributing to negative pressure on the market. And I think EBAY is especially vulnerable - considering their recent outages, high PE, and less enthusiasm among with internet auction sites these days (at least that is my perception). Of course, I've lost more money going short than I have made - so I'm holding my position cautiously, and will probably cover once I make a small profit (or incur a small loss). -Eric

To: Sarmad Y. Hermiz who wrote (68438)	7/20/1999 5:27:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

ttp://www.bloomberg.com/feature.html (Michael Lewis, the author of ''Liar's Poker'' and ''The Money Culture,'' is a columnist for Bloomberg News. His opinions don't necessarily represent those of Bloomberg News.) New York, July 20 (Bloomberg) -- A few weeks ago Bloomberg News ran a story about Wall Street earnings forecasts that showed just how completely the Internet undermines the power of big securities firms..........................