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To: Ramsey Su who wrote (12113)	7/7/1998 8:37:00 PM
From: JMD	Read Replies (2) \| Respond to of 152472

Ramsey, sorry about the bad link. I literally lost the dang IBD 7/6 paper which I picked up at a newstand, read the article on pg. 31 which had neat stats about CDMA subscriber counts and generally supported the notion that we're whuppin 'em good. If it's not too much hassle, suggest you bag a copy or maybe somebody can post a real link to Investor's Business Daily assuming they make their historical stuff available after a few days. I'm right with Gregg on the casino atmosphere that seemingly pervades the market these days and think it's very scary. My genius son (he of the newly minted sheepskin) is P.O.'d at moi cause I don't own YHOO, AOL, and those guys. Damned kid doesn't have a clue why I stuck the Mighty Q in his portfolio in the mid-40's and it's just kind of poking around at + 10. YHOO is up 2 dozen in a day--dad, you just don't get it. Well, lectures about the Tulip Mania don't get much of a response but my fear is when these absurd baloons get popped, we're gonna get sucked in the down draft. Yikes. The MOT report is "As Bad As It Gets". Kind of makes me feel all puckered up for the Illinois crew. Heh, heh, heh. SM

To: Ramsey Su who wrote (12113)	7/7/1998 9:47:00 PM
From: Sawtooth	Read Replies (1) \| Respond to of 152472

Yes, Ramsey; I know you're serious. It is serious. I read an article not too long ago in SmartMoney about the new breed of online "investors"; craps shooters we'd probably call them. The article went on to say that with some mutual funds you now have an option to dial-up (phone or online) and select, with a single button push or keystroke "Sell Everything". You may have seen yesterdays news item about the SEC OK'ing mutual funds to accept credit cards? Essentially, 100%+ margin buying at 18%+ interest. If I hadn't read it myself, I would have said, "BullSh!t; it'll never happen!". My perspective is when the next big shakeout does occur, those "Sell Everything!" buttons will get pushed in shock-like panic, and there will be fantastic bargains for the real investors like yourself. Unfortunately, I'm not smart enough or, likely, lucky enough to know when to jump in or out; so I sit tight, although it's not always easy (but does, almost always, prove right). Good luck and Regards. ...Tim