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To: Bill Harmond who wrote (109308)	10/1/2000 10:35:13 PM
From: GST	Respond to of 164684

William "Nay-sayers seldom prosper, GST" I am not a nay-sayer, except to disagree with you, which is still permitted on this thread if I am not mistaken. I don't want to be one of those investors who is ignorant of the risks, nor do I want to blindly follow somebody who not only appears clueless about the risks but openly encourages other people to invest in the most speculative stocks and further advocates that we should all ignore the risks completely -- especially somebody so arrogant that they would start a new thread for the sole purpose of controlling what people can and cannot say about the risks in the market. September and October of this year are a time of high risk -- as I have been posting. I am hardly an extremist, a "nay-sayer", a nutball, or a perma-bear for suggesting that at times like this it is simply common sense to have some cash -- how much depends on your own good judgement -- or lack of it.

To: Bill Harmond who wrote (109308)	10/2/2000 10:04:48 AM
From: Eric Wells	Read Replies (4) \| Respond to of 164684

William - from the posts of yours I've read over the past year and a half that I have been on SI, it is apparent that you have made some money in investing in internet, b2b, and fiber optic stocks, as well as on stocks in other areas. I suppose what I find most puzzling about you, though, is that I don't believe I have ever see you post a negative comment on any of your stock picks. Even to this day, you appear to be unwilling to accept that the business models of Priceline or Amazon may be flawed - yet the market appears to be questioning, if not condemning, the business models of these companies. You and I have had long discussions about the viability of business models based on internet advertising - with you consistently emphasizing the benefits of impact and follow-through of the internet medium. Yet today, as Yahoo's stock price falls, the market again is questioning the viability of revenue streams based on internet advertising. Have you changed your position on this subject at all? In a recent post, you mentioned a number of winning stocks that you had picked - including Ariba, Yahoo, Commerce One, Brocade and Phone.com among others. Are you saying you don't feel ARBA, BRCD or PHCM aren't just a little over-extended? Do you feel these stocks will continue to go up - and if so, on what basis - momentum or fundamental valuation? I trust you don't have your entire portfolio in these speculative plays at the moment. Please don't take these comments as harsh criticism - but rather as a critique. It would be great to see you just once post a negative comment on a stock that you have picked. I've certainly been wrong in some of the stocks I have picked - I bought YHOO at a pre-split price of 225 only to sell it at 190; I bought AOL at a pre-split price of 160 only sell it at 130; I shorted QCOM at a pre-split price of something like 300 and actually covered at a loss(incredibly stupid move on my part); and I bought AMZN, well, you know I can't even remember at what price I bought AMZN, but let's just say I lost money on it. As for the outlook as a whole - personally, I would find it difficult to believe that all the recent earnings warnings are company-specific, as you appear to be claiming. Don't you believe that higher oil prices and a continually falling Euro might impact the world economy as a whole? It would be great to see you at least acknowledge that there is a risk of such a thing happening. Initially I questioned GST on his recent "sell" call on the thread - that was some 300 Nasdaq points ago. I'm now willing to admit that GST was on to something - every week, I read and hear more commentary on the positive correlation between slowdowns/recessions and high oil prices. Anyway, it would be great to hear why you think that even though Intel is being impacted by the high Euro, other US manufactures, such as IBM, HP or even GE won't be impacted by the Euro. As always, it's a pleasure discussing issues with you. Thanks, -Eric