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To: Satellite Mike who wrote (30254)	12/17/1998 7:52:00 AM
From: Keith A Walker	Respond to of 164684

Who is playing the downside here? Anyone have any picks on puts for this puffed-up puppy? I've been interested in the Jan 185's. Any comments?

To: Satellite Mike who wrote (30254)	12/18/1998 1:49:00 AM
From: Dwight E. Karlsen	Respond to of 164684

>As for 10 Billion in revenues,there will literally be thousands of people pedaling crap on the internet in just two year.< I think there are already thousands of companies selling stuff on the internet. There may not be thousands of publically traded companies, but there certainly has to be thousands of companies selling stuff on the internet. It was a couple of years ago that a woman I know and her sister set up a company selling gardening tools and supplies from a web site. Plus, consider that 80% of the 100 biggest retailers have online web sites. For many companies, their web site has been established for years, and their "niche" is highly competitive. Pick your catagory: Outdoor gear: Seattle-based REI, the premium Northwest merchant for outdoorsy types, particularly hikers and climbers. They have every one of their hundreds of products available for perusal and purchase on the web, and have for quite some time. Then there is Wal-Mart of course, which also competes in that space, among others. Books, CDs: The web-based market is saturated with dozens of sites. Very old news. Glenn Rudolph posted an exhaustive listing of retail sites on the web, which I printed out for future reference, if I ever decide I'm interested. Once you peruse the list, you realize that this is not a secret market, with a handful of companies reaping the public's money as easily as snatching candy from a baby. This is fiercely competitive medium, and reminds me of the stories of long-ago gold rushes, like the one in 1849 in California, and the later one on the Klondike River in Alaska, and the mini-rush after that in Nome, Alaska. The majority of the would-be gold seekers scraped out a subsistance existence while chasing for the yellow stuff, and most didn't hit it lucky. Untold numbers died in poverty. So it will be for this 'net rush. Everyone can't strike it rich. A few will strike it really big, but most won't. There's a shakeout coming, and it's not going to be pretty.