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To: A.L. Reagan who wrote (1762)	3/29/2000 3:53:00 PM
From: Street Hawk	Respond to of 3070

I think Naveen Jain sold for a good reason. His company is a joke. It is a laughingstock of hype and propaganda which he sells into fervently. Amazed at the amount of stock that guy dumped, he was playing you foolish longs, this thing is going sub 100. I wouldn't be surprised if Naveen Jain keeps selling until his company's valuation is back to IPO levels. Jesse

To: A.L. Reagan who wrote (1762)	3/29/2000 4:09:00 PM
From: Spytrdr	Read Replies (1) \| Respond to of 3070

how u doing A.L.? come on in, get yourself comfortable, we've been having lots of fun with the Infojoke lately ___ "Is everybody having fun over here? Thought I'd drop by and say hi."

To: A.L. Reagan who wrote (1762)	3/29/2000 7:58:00 PM
From: Estephen	Read Replies (1) \| Respond to of 3070

My hats off to marc mobius with templeton. Blad head and all. Sure spooked the internet stocks...with his bullsh@t. INSP was starting to firm and was getting higher lows. He made some money today though. That propably blew out the last of the loose money in infospace. Still happy with My 171 buys and I am adding more tomorrow when I get a feel of how the market going. I don't think there's much selling left. Maybe a little. Look for a strong recovery. ************************** 2nd mutaul fund in two days to maket INSP top holding !!! ************************ Merrill takes in $1 billion on Net fund Closes before it even starts to trade By Craig Tolliver, CBS MarketWatch Last Update: 12:36 PM ET Mar 27, 2000 Mutual Fund Center Mutual Understanding NEW YORK (CBS.MW) -- Merrill Lynch raised $1.1 billion on its initial public offering for the Merrill Lynch Internet Strategies Fund -- but don't even think about jumping on the bandwagon. The fund is already closed to new investors after a subscription offering of just two weeks, the firm announced Monday. Though not a firm record -- Merrill took in $1.2 billion for Global Growth (MBGGX) in 1997 -- this does mark the first time that the firm closed one of its funds before it actually started trading. The subscription period began on March 1, and both the fund and the subscription offering closed to new investors on Mar. 17. Managers Paul Meeks, Robert Zidar and Dawn Simon officially started trading their portfolio last Wednesday. Today in Personal Finance Scam Alert: Don't fall for "Pure Trust" promises Analyst Forum: Connecting the B2B stocks Wise Women: Are your parents financially stable? Clueless Investor: Acquisitive eyes on Triton Oil Paul Farrell: Millionaires' 8 action steps More personal finance news... CBS.MW front page Updated: 7:36 PM 03/29/00 "We've seen a couple of these wire houses have these huge pre-launch sales where they raise over a billion before a fund is even launched," Russel Kinnel, director of fund analysis for Chicago-based fund-tracker Morningstar Inc., told CBS MarketWatch. "Morgan Stanley Dean Witter and Paine Webber have both done that -- though not for Net funds. In those cases they had given brokers added incentives to sell the funds before the subscription period. A motivated sales force is still a pretty damn good tool at selling funds." Merrill Lynch (MER: news, msgs) said it took a different tack in promoting its new product by kicking off the launch at a technology conference hosted by the Merrill Lynch Asset Management Group in San Francisco. Merrill Lynch simulcast presentations by the fund's managers to more than 14,000 financial consultants nationwide. The firm followed up with a two-week "virtual roadshow," delivering interactive video and audio conferences, CD-roms and other communications media in an effort to inform Merrill Lynch financial consultants about the new fund. "The traditional offering period for a major fund launch runs about four to five weeks and involves an intense cross-country schedule for the fund managers," Greg Bundy, chief operating officer of Merrill's asset management group for the Americas, said in a statement. "Since we'd never done a 'virtual roadshow' before, we were understandably curious -- and somewhat nervous -- about its prospects. But the raging interest in this sector, coupled with the instant access to our financial consultants that technology afforded us, helped us raise $1 billion just weeks after we brought in a similar amount for our two new aggressive growth funds." As the name implies, The Merrill Lynch Internet Strategies Fund (MBNTX) invests in companies that use the Internet as a key component of their business strategy. Top five portfolio holdings include Infospace (INSP: news, msgs),** E-Bay (EBAY: news, msgs), Yahoo (YHOO: news, msgs), Cisco (CSCO: news, msgs) and Exodus (EXDS: news, msgs).