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To: Eric Wells who wrote (70266)	7/28/1999 12:14:00 PM
From: Glenn D. Rudolph	Respond to of 164684

I sold my long EBAY at 100 1/4 earlier this AM :-(

To: Eric Wells who wrote (70266)	7/28/1999 12:14:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 164684

>>>>As with any short, I'm holding with extreme caution. I can't yet bring myself to short AMZN.<<<< Eric, I set a bid to short AMZN @ 113, just in case of momentum buying. Hope to cover @ 75. :-)) I also shorted YHOO @ 137 1/2. I will short more @ 148, if it happens. Hope to cover @ 90 Be careful with EBAY. It can easily go to 120 --Olu E.

To: Eric Wells who wrote (70266)	7/28/1999 12:38:00 PM
From: Eric Wells	Read Replies (4) \| Respond to of 164684

It has occurred to me that I am doing nothing more than gambling. As such, I have covered all the short positions that I took this morning and have decided to take a break from the market. For those interested, the shorting score I ended up with is as follows: EBAY: -5 (shorted at 100.69, covered at 105.69) YHOO: -6.06 (shorted at 133, covered at 139.06) PCLN: -5.31 (shorted at 77.19, covered at 82.5) I managed to just about wipe out the profits that I was able to gain on Monday from being short. I strongly believe that there is no such thing as "easy money" - yet recently I appear to have fallen for the belief that I can make "easy money" by trying to second-guess moves in internet stocks. I believe there are better ways to make money than trying to predict which way internet stocks will go. My own view as I have stated before is that internet stocks are way over-valued, and that at some point prices will decline to reflect fundamentals. I'm all cash at the moment - and I've decided to not trade for awhile - because I would rather sit on the sidelines and see where the market ends up. My own belief is that we will see a general decline in stock prices at some point in the next six months - and I hopefully will be able to take advantage of such a decline to get in on some long-term-hold stocks. But for the time being, I will focus my time elsewhere. And since I won't be trading, I'm going to take a break from posting to this thread. It's been a true pleasure discussing various issues with the participants on this thread - I will drop back in from time to time, but this will be my last post for awhile. I wish the best to all of you. Thanks, -Eric Wells