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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Rollcast... who wrote (4142)	1/12/1999 11:51:00 PM
From: Triffin	Read Replies (2) \| Respond to of 56532

Toshio..BNYN Can you confirm with the company ?? Richard Spaulding CFO 508-898-1000 Jim in CT..

To: Rollcast... who wrote (4142)	1/12/1999 11:52:00 PM
From: Trader J	Read Replies (5) \| Respond to of 56532

All: You will no doubt eventually become sick of this type of post but I must urge you all to consider your positions carefully, especially those of the Inuts. VALUATIONS ARE BEYOND EXTREME, and people will get killed eventually, when is the question. We are traders here and can be investors but please, please, be very careful with any of these lofty net stocks with not basis for their current valuations. They make great trading vehicles but, if you are not a disciplined trader, you should not be trading them. If I call a position trade, let me be very clear to you that I may, at a moments notice, be selling into any strength or weakness. This is what I call position trading with day trading tendencies...you have heard it before and you will hear it again. Always have a mental stop in mind and be willing to sell when the mark is reached unless you have a VERY GOOD reason not to. When this bubble pops, just because an Inet stock has dropped 25, 50, or 75+%, doesn't mean it will ever see that value again. I fear we may be slowly inching towards this day. The reason I say this is because some of the larger net stocks are now moving into positive earnings territory. It is easy to dismiss gross over-valuations when there are no earnings to draw any common fundamental valuation formulas from. But give them a few pennies of earnings, and the Psychological impact of a 300, 500 or 1000 P/E stock is quite evident. This may not happen any time soon, or it may.....just keep your wits about you. To easy to see nothing but green. On the good days, remember to pinch yourself and remember where you came from...on the bad days, pinch yourself and remember that where you came from is where you may end up if you don't stick to your disciplines. Trade well all. TJ