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Strategies & Market Trends : Buffettology -- Ignore unavailable to you. Want to Upgrade?

To: jhg_in_kc who wrote (619)	12/1/1998 11:16:00 PM
From: James Clarke	Respond to of 4691

Buffett's first rule is stay within your circle of competence. The best way for me to play internet stocks is to just ignore them and not get tempted. I made that mistake once in another hot sector, getting in late in something that just had to go up, and I nearly lost my shirt - fortunately I came to my senses down only 50% - the stock went to zero. Maybe you're right, and I hope you make money on it, but it sounds highly speculative. Of course it could quadruple tomorrow. In all seriousness though, the cash is there and it is not disappearing at too fast a burn rate. The company did make 6 cents in the latest quarter, which puts it miles ahead of the highflying internet stocks in terms of profitability. (well maybe not "miles" - but 6 cents at least) You may have something here, but not for investing - for a quick and very profitable gamble though it might work. Jim