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To: Sarmad Y. Hermiz who wrote (103744)	5/22/2000 12:08:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

Sarmad -- I leave for Brunei in the morning -- I will get online from time-to-time -- this looks to be another in a long series of "interesting" weeks. Here is a scenario for you -- the market just keeps going down with periodic fitfull but sad attempts to rally until July when it bottoms but does not come up for air and everybody basically becomes less interested in stocks at any price -- what do you think? Later

To: Sarmad Y. Hermiz who wrote (103744)	5/22/2000 8:02:00 AM
From: Glenn D. Rudolph	Respond to of 164684

I think the label "new economy" is applied to those businesses whose price cannot be justified by any rational means. I do understand that a person can invest in a fledgling business that is currently unprofitable. But is there a road map to profits in these stocks ? And if there was, then there would be mile-posts that can be checked along the way. By idiot stocks I mean IVIL or EELN or YHOO or EBAY where it is simply impossible to see any kind of plan to justify their market cap. My new economy positions are small and they are ORCL, PHCM, VERT, SCMR, MU and VIGN. I believe the most speculative is VERT. Glenn