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To: Glenn D. Rudolph who wrote (109780)	10/7/2000 5:23:46 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

>> He happened to buy the stock in a market that was buying everything dot come 18 months ago << Glenn, There is a big difference between saying I'm buying PCLN at an absurd price because I think there are stupendous idiots who will buy it from me at higher price, or saying I'm buying a stock in a company with $billions in valuation on tiny revenue and losing money at that, yet I think it is a good value. The problem with the new economy folks is that they actually think these stocks are a good value that will survive the bubble burst! When HJ buys the idiot stocks, he usually tells us he is buying purely on momentum. I don't think he's ever made a "10x" post about the fool stocks.