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To: Maarten Z who wrote (70923)	10/21/1999 5:25:00 PM
From: pater tenebrarum	Respond to of 86076

MZ, the relentless run in these mania stocks in the face of deteriorating fundamentals is NOT something i'd like to see if i were bullish...it reminds me of similar trends in the past. they all ended in tears.

To: Maarten Z who wrote (70923)	10/21/1999 5:56:00 PM
From: pater tenebrarum	Read Replies (4) \| Respond to of 86076

MZ, i just took a closer look at some of the co's you listed...not only are these all multi billion dollar market cap firms, most of them actually trade their entire float in the course of one day and have minuscule revenues coupled with exorbitant losses...in some cases the losses actually eclipse the revenues. great growth stories many of them may be, but this is a degree of reality disconnect that goes beyond anything ever seen in any market in history... i wonder what the people buying at current prices are actually thinking? what goes on in a persons mind when buying JNPR at 258 at the close of today's session? geez, not even the well-known nutz names got that excessive at the top. btw, judging from the big volume spikes at the close, i suspect an army of bag holders was created today...