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To: Mr. Proofsheet who wrote (160)	4/20/1998 8:10:00 AM
From: LWolf	Respond to of 6531

Mr.Proofsheet - depends on the industry and company. I believe fund managers were buying Amazon.com, AOL, YHOO, etc. before they started showing profits. LWolf

To: Mr. Proofsheet who wrote (160)	4/20/1998 12:29:00 PM
From: Mark T. Heath	Read Replies (1) \| Respond to of 6531

Not sure I agree with your thoughts. Lots of companies lose money and still receive institutional support. When was the last time AMD made a profit, if ever? What about Yahoo, Excite and the internet stocks? These guys have had their stocks soar this year with everyone, including the mutuals that hold a position in them, betting on the future, not what their current financial statements show.