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To: SJS who wrote (3647)	1/10/1999 11:09:00 AM
From: KM	Respond to of 19700

I hear you re investment candidates. Right now, in that category, I like AFCI, IFMX, CIEN and IOM of all things. All uggggly at the moment.

To: SJS who wrote (3647)	1/10/1999 11:30:00 AM
From: Islander	Read Replies (1) \| Respond to of 19700

Pretty soon we will have long term stockholders (some post here already) who say "...the stock dropped 25 points today, so what? I own these shares at 15 or so (split adjusted) and I am not selling because..." of the following reasons: 1. the capital gains tax would be huge 2. my profit in this stock is well beyond the minor loss today 3. the company is great, I am a big believer 4. I really don't follow it much any more because next year it is going to be up again 5. what would I do w/ the money anyway, buy bonds?!? I can't think of a better place 6. maybe I'll sell a small amount of my holdings for a special purpose, like buying a new car. These are thoughts of many long term holders of MSFT, INTC, DELL, CSCO, etc. For example, one of my co-workers thinks like this because she bought MSFT several years ago and is looking forward to the next split when she'll have 8,000 shares! She couldn't care less about a 20 point drop due to any reason and doesn't even think about selling. All of this, in the face of a quite small float, will drive the price to ever higher levels. Isn't something like only 10% of the tiny float outside the hands of institutions and insiders? The supply and demand forces in these small float companies are incredibly significant to the upside.