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To: KeepItSimple who wrote (88286)	12/21/1999 10:34:00 PM
From: Jan Crawley	Respond to of 164684

Hello, what do you mean by buying calls? It's almost time to buy Yhoo puts--the first week of Jan-2000. Yhoo's e-day will be around 1/12; the option Friday is 1/21/2000.

To: KeepItSimple who wrote (88286)	12/21/1999 11:00:00 PM
From: re3	Respond to of 164684

kis... 1) ain't nothing wrong with a person sitting in crummy old cash 2) i believe inflation is back...and golds, oils and base metals should be bought 3) losing a bit here and there on poots ain't the end of the world for some people 4) the mania may yet end any day , i still give it to march 1/00 max 5) ebay for ex. is still down a good 80 points from its top...not all the internet stocks are flying...

To: KeepItSimple who wrote (88286)	12/21/1999 11:52:00 PM
From: Ron Kline	Respond to of 164684

Thanks for that funny message. I don't agree with what you said but you made me laugh with tears. Keep it simple as they say..stay with the dummies. By the way I was at my brokerage and some women insisted to buy some Yahoo today using a check from her charge card. They told her they will not accept those kinds of checks and she got real mad. She said how Yahoo was going up as they spoke, and she was missing out on a trade she wanted to make... and she thought that was horrible they would not accept a charge card check. Pretty funny to watch.. RK

To: KeepItSimple who wrote (88286)	12/22/1999 1:40:00 AM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

Buy a 20 point out of the money call on Yahoo and see if you dont double your money in 2 days. Then try buying 10 calls. Then 100. Kis - I may buy some combination of QQQ puts and calls some time next week. For now, though, I'm just sticking with a few long term hold stocks that I have. Thanks, -Eric

To: KeepItSimple who wrote (88286)	12/22/1999 1:54:00 AM
From: dbblg	Respond to of 164684

>>I saw first hand what total frauds the companies were- I saw complete lack of work ethic, I saw constant checking of company stock quotes, I went to parties and heard an endless series of execs ridiculing the stupid investors who would pay even a dime for shares of the companies they just brought public. That kind of thinking can get very, very expensive. I was bearish on AMER (the old Nasdaq symbol for AOL) in 1995 based on a growing sense, gleaned from many interactions of the sort you are describing, that the inmates were running the asylum. Like companies in every space, most internet companies will fail. The fact that the failing execs will get paid so well for their efforts is, I suppose, vaguely galling, but totally irrelevant to investors' efforts to find good companies and to buy a piece of them. A guy I was seated next to at some charity event a few years ago gave the best, short answer to the perennial PC-era question, "How the $%## did Microsoft walk away with this one?" I have ever heard. He said, "Basically, you had a ton of guys who were convinced they were getting away with something because they made a million dollars or so, and Microsoft, which was thinking strategically." Adjust for the times--I think the dotcom hordes want about 10 million each--and the same holds true today. Pull up the stories about the guys who sold ICQ to AOL; they make it pretty clear they thought they pulled a fast one on AOL by demanding cash instead of stock. Oops... >>And then one day, the most important and significant thought I've had in my entire life hit me like a ton of bricks. And that is: "The average investor is so incredibly stupid that I cannot comprehend them. On more than one occasion you have told the cautionary tale of Isaac Newton's disastrous foray into Greater Fool investing. If you are so sure that this is just another mania, what makes you so sure you will be better able to spot the top than he was? Best of luck, Ganesh

To: KeepItSimple who wrote (88286)	12/22/1999 3:29:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

<<and I am worried that you're going down the path I went down 7 or 8 months ago.>> Kis, this is one hell of a post and I agree with you. The only difference between you and me is I started 11 months ago. Not with out of the money calls, but yes that was good thinking. For me personally Ipo's and B2B is where I've made all of my money, but did you notice even the Net Queen Mary Meeker in her Interview last week, mentioned that B2B margins were going to be awful disappointing.Yet B2b stocks continue to go Ballistic. On a more positive note most of us would have to have real jobs if it hadn't been for this mania.:-) Ps <<I cannot fight millions of people who will buy eBay at any price.">> I have no position in eBay, but I do like Aol's and eBays margins.