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To: Peter R Smith who wrote (170)	3/7/1998 2:58:00 PM
From: Tom Hua	Respond to of 728

Peter, I quite agree with your assessment. IMHO, all the internet stocks are way way overvalued. When WS begins to abandon this sector, I'll short them. For now, I'll go along for the ride as the trend is to shift funds into the internet/e-commerce stocks. One thing is for sure, they will be very volatile. Enjoy while they last because we just don't know when the part ends. But be sure not to be the last guy out and be left holding the bag. You may want to look at another overvalued e-comerce stock: NTKI. I've shorted it a few times and been lucky to make money. Just covered and went long on Friday in the 22s. Company filed for a secondary offering to be priced at @25.57. I expect it to get to $25-26 shortly and stay there until the offering is complete. Regards, Tom