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Non-Tech : MILLIONAIRE. COM........( MLRE ) -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (658)12/29/1998 7:31:00 PM
From: SOROS  Respond to of 2664
 
Dear Roy,

You must remember where YHOO, EBAY, AMZN, etc. started. I personally know an investor who was offered tens of thousands of shares of YHOO at less than 15 cents (you read that right) when they were beginning to raise money for their IDEA. He has held since then, through all the ups and downs, and what was probably 1/100 of 1% of his portfolio is probably now up to 10%. He gives away tons because the gains would eat it away to sell.

$2.50 may sound bad to you -- $1.00 at the beginning may sound like chicken feed, but the IDEA and ensuing market plan may make billionaires out of the original (like my friend) investors, and very well may make more money than they ever thought possible for the small investors who bought at this time in the life of this just beginning Net King.

I remain,

SOROS

ps the above is strictly ramblings of a senile old man and should not be taken as investment advice