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Technology Stocks : DRKOOP.Com,Inc - (Nasdaq - KOOP) -- Ignore unavailable to you. Want to Upgrade?

To: Eric Fader who wrote (517)	8/6/1999 6:55:00 PM
From: Joe Smith	Respond to of 595

Actually I rarely if ever sell short. Just missed the big runup and figured I'd sell at 33 even though I never bought. Won't be holding much longer. Probably cover on another dip.... Also protecting some long positions for tax reasons... Anyway, I didn't mean to express intent. Perhaps the metaphor was poor. What I meant was that the players all get into this "Wow we are all getting rich" mode, yet they are actually not producing any profits. The business model is suspect. Dr. K is not going to wither away, but it's valuation was quite suspect. I am amazed at how many IPO's go for high profile ads. This high profile has a direct positive affect on valuation, but the spending is also part of the equation. Part of the equation that might be ignored by euphoric investors who see something huge down the road. Just don't be surprised by some speed bumps and washouts along the way. The AOL announcement created a huge runup of value, but there are big costs associated with that agreement.