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To: dbblg who wrote (79416)	10/3/1999 1:01:00 AM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

Um, if Blodgett is expecting internut stocks to decline by 75%, why does he still have a STRONG BUY on every single one? Oh yeah, his boss performed underwriting services for those scams and a strong buy rating is part of the contract. >I don't think anything he said in the speech (as reported) or in the >subsequent L.A. Times interview represents a change of position for him.

To: dbblg who wrote (79416)	10/3/1999 11:59:00 AM
From: Eric Wells	Read Replies (2) \| Respond to of 164684

Ganesh: I don't think Blodget has ever said this before (or at least I don't recall him ever saying this): "and he added that many stocks could fall 75% from current levels and 'still be expensive.'" I would conclude that either the writer of the article intentionally tried to paint Blodget's speech in a bearish light, or Blodget has changed his schpeel to a more cautious tone. I think if he had used the above words in any past pronouncements on the value of internet stocks, we might not have experienced such exhuberance on the run-up of the i-nets (or Blodget wouldn't be as popular as he is now). It's also important to note the timing of his speech - the first day of October, and the first day after end of quarter window dressing day. Do you know for certain that he has expressed such caution in the past? Thanks, -Eric