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To: CpsOmis who wrote (55982)	12/3/1999 2:27:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

Can't use margin on most of them. I think that's why they are selling off - margin calls. Folks who are heavily on margin and using them as a hedge are being forced out. I use margin, but this isn't a hedge. The fundamentals on some of these is simply too good to ignore.

To: CpsOmis who wrote (55982)	12/3/1999 2:50:00 PM
From: CpsOmis	Read Replies (1) \| Respond to of 95453

O/T Investor sentiment For those of you who like to get a handle on investor sentiment, I occasionally take part in consumer focus groups to pick up a few quick tax free bucks. Last night the focus group was for a company bringing out an on-line subscriber product for investors. The average person in the room had a significant net worth in the stock market, if the screening process was reliable. Out of the group, only about 20 percent used on line trading, the rest used brokers/money managers. Clearly everyone was enamored with the Microsofts and Yahoo's and Amazons of the world. About 1/3 of the group did their own research either alone or along with advice of a broker. Most referenced publication: WSJ Most respected: Value Line Attitudes of chat boards like this...."waste of time" Most common investment style, in this group and across the country: three piles of money....1) "conservative, don't want to lose a damn nickel" pile, 2) "long term growth with some risk" pile, and 3)"las vegas, caution to the wind, trade like slider" pile. I do the same thing.... pile 1) I own AWSHX mutual fund, Berkshire Hathaway plus assorted blue chips, bonds etc.. 2) I own growth stocks with a decent history and long term value plays that I buy and hold and rarely touch until they meet my price targets...lu,beam,T etc...(now some MEXP,RRC,APA,TMR) 3) Aggressive traders I hold for an average of 4 to 6 weeks. Seems the majority of those with "means" take a similar tact. In terms of calling a "top" in the market, there was definitely an attitude that increased net worth from investing was a foregone conclusion, with minimal concern about risk. No one seemed to have a clue about historical P/E ratios, and how overblown they are today. CPS