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To: w. chan who wrote (16389)12/27/1998 7:12:00 PM
From: Smart Investor  Read Replies (2) | Respond to of 27307
 
You should read the Dear Meeker letter posted by The Guru and page 42 of this week's The Barron's. I quote here a comment by Mr. Jay Riemer on the Net insanity "My new company is Sellcash.com. On our Website, we're going to sell $1 bills for 95 cents." You should read carefully those letters to the Barron's editor. Since you and many bulls read last week's Barron's, and pushed up YHOO's valuation by another 3-4 BILLIONS, you should also read those articles. While your at it, please also read the article on page 43 - "Insane Accounts: How Crazy Eddie's cooked the books." The last sentence reads: Fraud is too easy.

You need to remember at one time a lot of investors (gamblers, to be more exact) in PRST and Bre-X (the Canadian gold company) thought they were genius, and ignored similar warnings by many people.