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To: Steve Smith who wrote (740)	4/14/1998 11:19:00 PM
From: Dale Baker	Respond to of 118717

I have followed Roger's thread for a year and marveled at those who hold shorts as they go 50% or 100% underwater. That's just bad trading, IMHO. Losses over 10% can really wreck your portfolio balance. I rode one long position down 25% this year which put my portfolio 4% behind where it could have been now. We will see later this year if Internet stocks are a new tech sector leader, like the hardware companies in 1997. Option number two is that they start to fall out like the Y2K companies with a handful of leaders (YHOO, XCIT, etc.) staying up while the weaker sisters crash. For every KEA there will be many ZITL's and DDIM's. We can certainly have a good time debating who will win. I should read momentum-long threads more often so I don't miss out on these moves. A few months ago I thought I should buy 100 shares each of AMZN and YHOO "just in case". But I didn't. BTW, for a good, boring value chart look at DIVE. Keeps inching up.