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To: Mike M who wrote (8724)	7/3/1998 10:58:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

You are a class act....I enjoyed this post as much as any I have seen lately....Here is hoping jawd breaks even soon..... Mike, Thank you. I have come to enjoy this thread. I am wondering how the long's posts will look during the fall. Glenn

To: Mike M who wrote (8724)	7/4/1998 2:16:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Another for Motley Fool: Subject: Re: stock selection Date: Sat, Jul 4, 1998 11:30 AM From: MarionsutS Message-id: <1998070415302000.LAA11687@ladder03.news.aol.com> Nandrake <<This week I was a strong buyer of NSCP...and will continue as long as momentum and potential exists...If stock is an internet play it is undervalued>> Undervalued? I don't think in the history of the stock market there has ever been a case of such over valuation then what you see now in the internet stocks. Yahoo is nearing 10 billion in market cap with around 90 time's sales. Intel would be at around $1,300.00 per share if the same ratio was applied to it. So why are the analysts pounding the table on the Internet companies and so lukewarm on Intel? Because Intel doesn't need their investment banking services. Intel actually MAKES money, and doesn't need to borrow it. The internet companies all need endless supplies of cash, and therefore are always looking at secondaries, private placements, or junk bonds which generate huge commissions for the investment banking firms. A recent example is C-Net (which Intel is an investor in). In the companies 10K at December of 1997, they were not in compliance with their lenders, and said their main source of cash was secondaries and private placements. It was published in several places that they were looking for an investor or a buyer of their Snap division. Yet, when they received an investment from NBC of around 33 dollars a share, the story is changed to seem like NBC was seeking out an investment, instead of the other way around. The stock doubles and sends the other internet stocks up with it. So when does the mania end? When people start realizing that the stock market is like one huge used car lot, and the analysts are nothing more than used car salesman. When the car breaks down, and it will, maybe then they will listen to the mechanics instead. Marion