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To: llamaphlegm who wrote (15199)	8/29/1998 9:39:00 PM
From: Glenn D. Rudolph	Respond to of 164684

<<<<<The other salient point to remember about Internet stocks is that many of them, even after Friday's steep drops, are way up for the year. >>>>> OH, so we should still buy them??? LP, This way you could still buy high and then sell low at a later time. If you bought stocks at their low, they may go up. Sheeesh...what a comment! Are they also insulated from a reverse wealth effect when investors made less wealthy by stock declines pull money out of the market, particularly companies with 000 earnings let alone dividends???? I suspect they arfe least insulated. I would rather be in stocks with good fundamentals and earnings. That is silly of me isn't it? Didn't he just say that the stock price may have to back up to catch up with the fundamentals???? Not sure what he said here. He hinted the stock price had to decline to meet fundamentals or fundamentals had to improve. In the same report, he stated fundamentals were deteriorating by indicating greater than anticipated losses. Glenn