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To: Jan Crawley who wrote (35789)	1/21/1999 1:15:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

I am thinking, they have to "trade" because they have to "make a living", what a way to make a living!! I guess only the strong/fit survives. Just remember IF IT MOVES, TRADE IT! <G> Glenn

To: Jan Crawley who wrote (35789)	1/21/1999 5:53:00 PM
From: tonyt	Respond to of 164684

WSJ: Internet stocks, which have paced the recent tech-stock rally, led the market lower, with the American Stock Exchange Internet index down nearly 5%, or 34.60, to 691.11. Among prominent Net stocks, eBay plunged 32, or 15%, to 181 3/4 and Yahoo! dropped 22 3/16, or 7.7%, to 265. The selling intensified as word spread through the markets that Barton Biggs, an influential strategist at Morgan Stanley Dean Witter, said in a speech early Thursday in Tokyo that recent history suggests the spectacular rise in Internet-related stocks may be near an end. He said the Internet rally has been brought on by "ordinary people" who have very little knowledge about investing and are buying Internet stocks purely on the basis of their personal experience with the Internet. Mr. Biggs compared the speculative bubble in the Internet sector to that seen in the biotech sector in the early 1990s and the gold group in the late 1970s. The biotech bubble lasted for 99 days, he said, with the group as a whole rising 140%, while the gold bubble in 1979 lasted for 111 days as prices rose 280%. Internet stocks now have risen 260% over a 101 day period. Steven Goldman, market strategist at Weeden & Co., said the Internet group as a whole has become highly vulnerable after making "a quantum leap" over the last three months. Mr. Goldman added, however, that while he believes stocks still have some froth to work off, the bull market remains in tact. "We're taking a pause and the gains from here on will be a lot tougher. But there's a lot of liquidity left in this market," he said.