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To: Iceberg who wrote (18380)	1/10/1999 12:23:00 PM
From: DanZ	Respond to of 53068

Internet stocks. Ice You correctly summed up my thinking with regards to risk, reward, beta, how many $ I'd be willing to bet on Internet stocks etc... While I feel comfortable betting $100,000 on ASHW or $60,000 on MIKE, IF I did trade Internet stocks, the most I would probably gamble at any time is $10,000. A 1 point move in MIKE could return more real dollars than a 10 point move in ONSL given the size of position that I would be willing to take. In this example, the internet stock would have to move 6 to 10 times more than the non-internet stock to return the same amount of real dollars. When one adjusts for the additional risk inherent in the ONSL trade, I can't justify doing it on a risk basis. Some people are betting large sums of money on the Inet stocks daily and are making a bundle. But when it turns down, they could lose their entire fortune in one day. Obviously I would have been doing better betting $100,000 on ONSL or AMZN, etc than ASHW over the past month. But that's hindsight and the future might prove that I made the right decision afterall. Dan