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To: Bill Harmond who wrote (10886)	5/22/1998 5:08:00 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 27307

FWIW, Bill, good move. BTW, anyone notice from the Netscape news the clever way YHOO found to avoid writing off the balance of the $5 million they paid to NSCP last year? They get a link at the bottom of the page to "burn up" the balance. Guess they couldn't write off a couple million all at once. Better to spread it out to next March. Otherwise, people might get the impression they don't make any money. Oops, isn't not making money good for 'net stocks? Oh, well. Have a good Memorial Day (Observed) ya'll. Bob

To: Bill Harmond who wrote (10886)	5/23/1998 9:19:00 PM
From: Steve168	Read Replies (2) \| Respond to of 27307

I got the same feeling. Market is drifting downward. After this kind of bull run, it will drop really, really fast when people realize the correction is here. I think we may see DJ-30 drop 800-1000 points one day within 3 months. Instead of buying T-bond, I am practicing hedge. I am 100% long and 50% short, so 50% net long. I am planning to change to 70% long and 70% short within 2-3 weeks. I have long been waiting for an opportunity to practice hedging. I think the time has come and very excited. I understand it is riskier than your T-bond bet, I hope I can get rewarded. Good luck to you! I feel like we are saying good-bye to each other before we hide for a big coming disaster.