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To: waverider who wrote (27065)	8/5/1998 2:27:00 AM
From: VLAD	Respond to of 95453

DH, The name of the game this past year has been to just keep buying large cap stocks that continue to show good earnings growth and share price momentum. Stocks like LU MSFT DELL CSCO PFE all are good solid companies that have become way overpriced. Looks like the fund managers these days are really traders so they pick stocks like these that they can get in and out of rapidly without effecting the stock's price ie liquidity. As far as the internet stocks go I can only laugh. Their prices are 10 years ahead of their earnings potential assuming the best case scenario.