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To: MythMan who wrote (11767)	11/23/1998 1:55:00 PM
From: IceShark	Read Replies (1) \| Respond to of 86076

No. The only thing that came close was bio techs, but they ran nothing like these internuts. Even when Genentech would get positive trial results on a new blockbuster, it wouldn't even come close to a double. Heck, the late 80s greed decade of takeovers couldn't hold a candle to this. I think everyone is thinking in terms of the next softy or Dell but rather than waiting 5 or 10 years to see if things have a chance of panning out, it is assumed it will, the company will dominate the local group of galaxies, so lets buy at any price, even if it is an increase of 10 fold in 2 months. I mean ebay is a national want ad site - big deal. I get it, I just can't believe it keeps going. I don't know enough about all the interactions of the options/index markets, but I get a feeling something it going on that is not readily apparent. Like companies selling puts and tying in stock repurchase programs at the margin partially funded with the cash generated by the options?

To: MythMan who wrote (11767)	11/23/1998 6:33:00 PM
From: robnhood	Read Replies (1) \| Respond to of 86076

MM,, <<Ice, You were in the market in 1987, ever see anything like what is going on these days? >>> The closest thing I can remember to this internut thing was in the sixties in Toronto... Texas Gulf had a huge hit in Timmins Ontario.. Every junior that had property within 100 miles could and did explode upward.. 4 to 6 times their price in one day.. It was pandemonium on the floor... It all came crashing down when it was found that Windfall, (one of the most heavily promoted)was found to have nothing...I'm talking penny stocks here but the frenzy was the same... One other time was in the early seventies when the world was running out of oil... Dome pete and the rest of them... Most of those companies, in both sit uations do not even exist anymore... russell