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To: CountofMoneyCristo who wrote (35995)	1/22/1999 3:19:00 AM
From: Bob Duncan	Read Replies (1) \| Respond to of 164684

Robert, I totally agree with you. This weekend will be a big test for internet stocks, and I agree that many people that are long will likely dump their shares Monday, particularly if they see another strong selloff tomorrow. Keep in mind that most people that have bought internet stocks the last couple of months will tell you that they are nothing but trading vechicles and that they are not intrinsically worth a fraction of what they are trading at. These people played the great fool theory to perfection and now, finally, (hopefully) they are going to see that nothing goes up forever. Granted, I still believe in the future of the net and love working in the industry. However, even those of us in the industry generally feel that these valuations are horrid. It was easy to hire great software developers when stock prices where reasonable, because the stock options meant something. I can tell you that people who start working at Yahoo with strike prices on their company options of 300 bucks a share are not happy campers right now. Lower share prices will be good for the future of the industry as talent will be easier to come by. One last thing, I have read this thread for over a year now. I would like to thank Gleen for all of his insights. I have learned a great deal from all of you, shorts and longs, and am happy to be a full paying member of SI now. Also, without this thread I may not know all the advantages of a boxed position, something that is coming in handy with this internet weakness! Take Care!