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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Lazlo Pierce who wrote (4607)	3/10/1998 8:31:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 18691

David, nice find re 'net taxes. On a related note, CNBC's Bob Pasani was saying this morning that most of the buying in many of the hot 'net stocks appears to be retail/small investors rather than institutions, though the latter do appear to be making small bets just to stay in some technology field. He warned that, while their positions may be a small part of their own portfolios, should they exit the small investors will get killed. Hearing cautionary statements a little more lately (except Cramer on Yahoo of course). Internet access could be facing a pricing war too (at least a little guerilla war) with MCI and Gateway cutting rates while MSPG is up to ten times trailing revenue and around $1800 per subscriber. And, as we all know, AOL is raising rates (will they be able to hold the new rate?). Our day will come, maybe soon. Bob