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To: Frank Ellis Morris who wrote (21629)	11/30/1998 6:09:00 PM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Hello Frank. Wow. This was a sell off today. Not only in the internet stocks. There goes my new car I was going to buy for cash. gg. Yes, I am sure AOL will be alright. Everybody is blaming this sell off on the internet stocks. Well, those were up early this morning when the DOW was already taking a beating. Of course, later on with the NAZ dropping like lead, I guess you could blame it on the internet stocks. Well, we can blame the brokerages for the selloff in the NAZ. If you can't make money one way, you try to make it the other way. They are fooling around with margin increases. Great thing to do now that the stocks are fairly high. Too bad they don't crack down on those short sellers who play with stocks that WE buy. They always find a way to stick it to the small investors. Big investors get bailed out when they get in trouble. Look at Long Term Capital. When small investors get in on the action, whack! Good thing I bought my internet stocks a lot lower than where they ended up on Friday. All the big flyers got hit today. I still have some profit left in my newly bought internet stocks. Maybe they will take care of that tomorrow. gg. Some talk was today that the market could drop up to 5% on a pullback. Well, half of this happened already in 1 day. Others call it profit taking. But I believe it was the margin increases some houses initiated. I think US Clearing, which is my Clearing House, has about 80 stocks on their list where you have to come up with lots more money than up til now. I am alright though, sheesh. Sonny

To: Frank Ellis Morris who wrote (21629)	11/30/1998 8:34:00 PM
From: Yiren Huang	Read Replies (1) \| Respond to of 27012

Frank, It seem the pullback starts to occur on the stock market in general especially with those internets. Such correction is natural looking at the fast runup it has in October and this month. I have sold some portions of my holdings on the way up and last week I sold AMAT and ORCL. AOL has a big runup in the past year so the correction is well expected. It looks like just a start of correction, I kind of expect to see it last a while. And I will pick up some of the good stocks again in the dip. Sure buy and hold is a proven way of investing in long term stocks. But if you look at the up and down of this market for the recent years, probably it is wise to buy and sell and repeat the cycle with the market. In the end it is the profit that we care about not the emotion to a particular stock. Especialy with the popularity of the internet, people get news and react to the market and news much faster than the old traditional way of trading. It won't surprise me at all if the market goes big swing at a faster pace in the future. Anyway, wish you good luck in your investing. Ronnie