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To: Robert Dirks who wrote (43983)	10/26/1999 9:38:00 PM
From: SwampDogg	Respond to of 116815

That is so true! I was thinking the exact same thing when the AOL earnings were reported. Earnings were up some great % but AOL still has a PE of over 100. People just do not get it.

To: Robert Dirks who wrote (43983)	10/27/1999 12:21:00 AM
From: ahhaha	Read Replies (2) \| Respond to of 116815

The market thinks EBAY will earn something like $1.00 in 2000 and $2.50 in 2001. You are saying that the market is wrong, and your argument is based on an observation of the past. You will find such a contrary position is right 1 out of 100 times. When you are so strongly convicted without material reason you should probably go buy that which you doubt. It's the way to make a fortune and it is extremely difficult to do. The secret is to do what is extremely difficult and superficially makes no sense.