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To: esterina who wrote (4644)	1/21/1999 11:49:00 PM
From: Ainsworth	Respond to of 29970

I am strictly a minor league investor, but I don't think it is wise to overlook the change in investor attitudes toward internet stocks in general. It is only the FAITH of the average investor (and the subsequent buy-in of the fund managers) in these new valuation theories that has sustained these internet stocks. That faith was always shaky. ATHM is a great long-term hold, but when the internet tide is going against you why would you not take some profit at 97 and buy in for an extra 100 or so shares at 80. I got in about two weeks ago at 82 and will buy more around that level or lower if I have the courage to wait for a true bottom. With more and more investors talking about valuations and a recent run-up of over 500% on internet stocks in past 6 months a 'correction' whether temporary or not could easily see half or more of those gains taken away. just an opinion gary a

To: esterina who wrote (4644)	1/22/1999 12:57:00 AM
From: James F. Hopkins	Respond to of 29970

Esterina; You used the magic word "margin" and it's not so much if you are on margin, heck the brokers forced this. I was told some big clients put pressure on the brokers to run up the margin requirements of internet stocks, in hopes it would draw some money their way. Even Fidelity was in on it, this is not the result of shorters at least not the kind you find on SI, in fact I don't know anyone who can borrow the stock to short. Except maybe your friendly broker , and they want that for themselves. Is your stock in house name ? Jim