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To: Glenn D. Rudolph who wrote (119948)	3/10/2001 12:01:20 PM
From: GST	Read Replies (1) \| Respond to of 164684

Glenn: It is not out of anger -- only out of "aha, that would explain it".

To: Glenn D. Rudolph who wrote (119948)	3/10/2001 12:26:05 PM
From: GST	Read Replies (1) \| Respond to of 164684

Glenn: I think idiot is the right word. When an "analyst" appeared on television and said he had a target on QXL of $1,000 I laughed and laughed and then recall thinking "what an idiot". I was not angry, I was laughing till it hurt. His logic was this: "QXL wants to be the ebay Europe. Europe is as big as the USA, so QXL should have the same stock price as ebay". Sure enough, people blindly piled into the stock and sent the price as high as $586. In now trades at under $3. quote.yahoo.com The guy was an idiot. Anybody who bought the stock based on his "analysis" was an idiot. It was a market of idiots. In that context, Bill is, in his own parlance, one of the last idiots left standing. You don't have to be angry to say "idiot" -- you can only get severe market distortions like the one last spring when people start acting like idiots. Idiots need leadership. Bill is a leader.