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To: damniseedemons who wrote (5233)	12/29/1997 11:27:00 PM
From: Bill Wexler	Respond to of 27307

<<Sal quickly made nearly 3x his money being long on YHOO.>> I seriously doubt it. Otherwise you wouldn't be so touchy over a mild joke. Suggestion: don't quit school to trade stocks. <<"It's better to not make money than to lose money," you got that, Wrong-Way Wexler?>> Sounds almost Zen-like. Since you're the expert on not making money and losing money, then I'll take your word for it! <<PS. It seems Bill Wexler makes friends wherever he goes >> Cyber-hyena? Ouch! But when it comes to Zonagen...I would say that's a fairly accurate characterization. BTW, I began shorting Zonagen in the low 30s, it is now 19 on its way to 2.

To: damniseedemons who wrote (5233)	1/2/1998 9:53:00 PM
From: Bill Harmond	Respond to of 27307

Sal, Did you see "Titanic" yet? It reminds me of the current market. First we have the ship (the biggest, most awesome US bull market in history) steaming along at record speed in spite of warnings from the Californian (Greenspan) hit the iceberg that nobody saw until it was too late (the Asian deflation/currency crisis) on August 8. Then the ship stops(the S&P since). The captain immediately lowers the electric doors to the engine and boiler compartments trapping everyone inside (the component makers, semiconductor and cap equipment stocks). Next the third-class deck starts to flood (the junk like FIBR, AVNT, ADTN, BOCA, CPRD, GTW and the rest of the masses. Meanwhile the lights are still on and the band is still playing (Wall Street bull/bear ratio). But the upperclass passengers start panicking (October 16-28) and run for the lifeboats (bonds and Utilities) when they notice the bow (Microsoft, Intel, Dell and Compaq) is sinking below the waterline. Next, the second-class passengers get hit (12/9-15), and the second-class deck (the Nasdaq) sinks lower than October. To be continued...