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To: Stewart V. Nelson who wrote (12724)	12/28/1997 3:34:00 PM
From: uu	Respond to of 45548

Stew: you state: > I am going to use the "rally" to sell all my tech stocks. I'll be more than glad to take your high tech shares away from you! perhaps not during the rallies but definitely will be buying all the high tech shares I can get my hands on! And from what I hear everywhere I go it does not seem we are going to have any rally since everyone is planning to sell their high tech shares during the so called rallies!! Which means good for me because I will be there to buy at bargain prices of the century!! Regards, Addi Jamshidi

To: Stewart V. Nelson who wrote (12724)	12/28/1997 7:37:00 PM
From: craig crawford	Read Replies (5) \| Respond to of 45548

<< I am going to use the "rally" to sell all my tech stocks >> Fair enough. You better hope there even is a rally. Japan down 300 points in the first 40 minutes. New multi-year lows. It will be interesting to see what happens in January. Some will be looking for a rally due to the January effect. On the other hand some may start selling stocks they own that haven't dropped much because they wanted to push capital gains into the next year. An example of this would be C$CO or YHOO. Some people might have some hefty gains and were hanging on till after the new year. << For the next two years, cash and bonds will be the place to be. >> Why have you ruled out going short? Wouldn't this be better than cash? Try YHOO, it's trading at 60 times sales! Yahoo has a market cap 30% greater than Netscape with only 1/10 the sales! Just keep it a small percentage of your portfolio and you will survive any squeeze. It may go to 80, 90 or even 100, but eventually it will plummet enough to bring you a nice return. Here is an article detailing the insanity: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ It may be 'Yikes!' for Yahoo! Shares in Internet search-engine firm heading for fall Opinion By Christopher Byron MSNBC CONTRIBUTOR Here's a quick quiz in investing common sense: Is the stock of even a superfast growing company that is less than three years old and has already turned profitable in a business where others are losing their shirts, really worth 537 times annualized earnings? msnbc.com (an excerpt) All those risks and more are now built into Yahoo!'s stock price. Even allowing for a tripling of net income every year (which is way too optimistic under almost any scenario) it will be at least two more years before Yahoo!'s p-e multiple returns to even 60 times earnings - and that assumes the price doesn't continue to rise in the meantime, and that the company doesn't issue more shares