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To: John Carpenter who wrote (21505)	5/5/1998 9:25:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 95453

OT edit...dont know what is going on yet in hong kong..but asia is tanking and the S&P doesnt like it I agree with you Diamond-I would never buy something like K-Tel, AMZN, YHOO etc. But there are a lot of speculators out there and usually these things end badly, but nobody knows when-like musical chairs. Buffet on the Internet: To: +The Vinman (5772 ) From: +lisa Tuesday, May 5 1998 8:09PM ET Reply # of 5775 If anyone is interested in Buffett ...thestreet.com has several articles about this weekend and you can get in for free for two weeks one of my favorites excerpts: In response to a question about how Buffett would teach stock valuation in business school he said, "I'd take any Internet company and ask what it was worth. Anyone who gave me an answer would flunk." and there are various hints at what he thinks of the market: If all that works, then you look for value. "When you are all through, you have to find a price that's interesting to you," Buffett opined. And, in another attempt to hint at his current beliefs on valuations, he added, "That's tough now, but there have been times it's been a cinch." btw, briefing.com doesnt have anything about Ktel's announcement after the bell:-(

To: John Carpenter who wrote (21505)	5/5/1998 9:39:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

John, I used to travel the tech sector and saw this kind of thing all the time. It is insane. This internet mania is what is keeping me out of the network sector all together. Even Cisco, an outstanding corporation, will suffer once people realize the music has stopped and there are NO chairs left! This is an important lesson...once learned it separates old timers from young bucks in the investment game. It is VERY difficult to sit on companies YOU know are outstanding but the market is not rewarding. Instead you see all these trash stocks going into orbit...or at least stocks becoming grossly overvalued. So you think, ah, I shall sell one of my non-movers and go for the momentum stocks. Bad, bad choice. Patience will be rewarded. Greed and a lack of a solid investment philosophy will cause more than capital loss...it will play havoc with one's emotional stability. Been there. Have scars to prove it. Sleeping soundly with a well OILED portfolio. <H>