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To: Big Dog who wrote (1295)	8/12/1998 9:58:00 AM
From: Big Dog	Read Replies (1) \| Respond to of 1956

Interesting article in the Wall Street Journal today (August 12th--Section C1), entitled "Small-Firm Stocks could be a foothold if Markets continue their Downhill Trek": Here are a few snippets: "This is a great time to buy stocks of small companies," says Harold Evensky, a financial planner in Coral Gables, Fla. "If they are good companies and they were attractive at $1, they're a whole lot more attractive at 50 cents." "The big rally in small caps is around the corner," contends Gerald Perritt, editor of Mutual Fund Letter, a Largo, Fla. newsletter. "Given [the S&P's] uncertainty, this may be a good time to establish a foothold in a small-company stock fund and then build your position slowly [given the Russell 2000 index has plunged 18.5% from its recent high, slightly less than the 20% typically used as the measure for a full-blown bear market.]"

To: Big Dog who wrote (1295)	8/12/1998 5:33:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 1956

TO ALL*OFF TOPIC* Do any of you scratch your head about how an IT company with great clients, good fundamentals, good pre- and post- Y2000 business plan is unappreciated, and yet, a company like GeoCities (GCTY)--an internet stock--zooms from $17/share to $45.50/share in two days (and in the face of a nasty market)????? Here's an interesting GCTY post by Don Dodge (post # 101): "Lousy fundamentals ? What fundamentals ? There is no fundamental valuation approach to GCTY. This is a momentum play pure and simple. You can't short IPO stocks for 30 days. The float will remain around 5M shares for 6 months. Then the lock ups come off and insiders can sell. That is when the real action begins. Look on your calendar and count forward 6 months from yesterday. I would want to be out of the stock by then, perhaps sooner. The problem with GeoCities is its business model. Can someone explain what it is ? When will it be profitable ? Another problem is that in the end "Content Does Matter". GeoCities has no compelling content to attract advertisers. I said earlier it is analogous to advertising on CB Radio instead of real radio stations. Another way to look at is advertisers are willing to pay hundreds of thousands of dollars for a 30 second spot on Seinfeld, and they are willing to pay nothing for a spot on the public access cable station broadcasting the local Rotary Club luncheon. Content matters and GeoCities has none. Enjoy the ride for the next 5 months but get out then. Don"