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To: Glenn D. Rudolph who wrote (25776)	11/12/1998 12:52:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164687

Glen, great post<Maybe there is no answer. Maybe this is the "new paradigm" we've been hearing about for years -- the world of investing where earnings don't matter anymore, and neither does quality management or desirable products or anything else. The only thing that matters is that the stock prices keep rising, ever and endlessly, world without end, amen. > For a different look at the "new paradigm". uniontrib.com Ps No Ktel short shares available at DLJ.

To: Glenn D. Rudolph who wrote (25776)	11/12/1998 1:01:00 PM
From: Robert Rose	Respond to of 164687

yes, agree about this great post. just one comment: <<Like the piano player in the whore house, eBay just looks you in the eye and says, "Hey, what goes on upstairs is between you and your friend there." >> Play it again, Sam.

To: Glenn D. Rudolph who wrote (25776)	11/12/1998 10:06:00 PM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 164687

Glenn, excellent article, thanks for posting it. My favorite quotes: "Is a 70-employee flea market in cyberspace worth as much as Tiffany's and Saks combined?" -------- Because that's all e-bay is, is a high-tech flea market. High-tech yes, but a flea market still, nonetheless. I also wholeheartedly agree with this quote: "Inside of a year the entire business will be segmented into special interest sites by known and established dealers, and eBay will be left as a kind of dumping ground for worthless junk like Beanie Babies and crap from your attic." ------- I think a lot of people are going to be wondering just where their brain was when they were "investing" in ebay at these silly prices. PS - Anyone else getting that silly error message in the last several days, "error - zero bytes recieved by .....", which wipes out what you just wrote, and doesn't post it?

To: Glenn D. Rudolph who wrote (25776)	11/16/1998 3:00:00 PM
From: Webfoot	Read Replies (1) \| Respond to of 164687

We saw this same kind of thing with BioTech not long ago -- feeding frenzies based on groundless potential...and today, with the reality of making money in that market, Biotech is largely "poison" to the speculators. As long as the speculators can let emotions drive demand, and as long as enough are in the game to keep driving prices up, the prices will go up. When they tire, or a new darling surfaces, the stocks will crash. Nobody is making serious money on the internet, nobody. Not yet, probably not for 2-5 years when the trend away from "free everything" is better established. In that regard, at least Jeff Bezos is honest with investors in stating not to expect profits for a couple more years. (of course, the market is not punishing him for loosing money, so why should he cut his $22 million / quarter marketing budgets so he can report a profit? When Amazon crashes with the rest of the Internet stocks, we just may see Amazon report a profit the very next quarter! )