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Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?

To: Tom Swift who wrote (4307)	1/30/1999 12:14:00 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 12872

it's getting confusing isn't it? I've been buying all kings of garbage, knowing it's garbage and making some money. GLMC has the hype machine. I'm in the second time at 4.75 If it collapses I'll cover your loss, (unless you bought 1 million, then you're on your own or anything under 3.50 is not covered) When can we gat back to the days of value investing? It was calm, easy, buy a beaten down stock, sell it at a higher price...

To: Tom Swift who wrote (4307)	1/30/1999 12:01:00 PM
From: musicguy	Read Replies (1) \| Respond to of 12872

Tom, after flailing around and trying different stratagems with varying degrees of success, I have hit upon something that works great for me. I buy good solid Internet related companies, and hang on. I have owned EGRP and ATHM with the occasional dalliance in CDNW and AOL, and with patience, have done well. Twice in a month, prices have fallen DRASTICALLY, and in both cases, I missed the chance to get out and buy on the HUGE dips, but in both cases, the price came roaring right back and into the black. Even with the dips, I am up 38% for the month. Companies like AOL, ATHM and others that will be around and are making money, even if only a few pennies, seem like better bets than YHOO or AMZN to me in the short term. I also have largely stayed away from the smaller REALLY short term plays hoping for the next big thing. I haven't had the daily rush of trading heavily, but it's very cool to see a stock up 10 points on the day. I am now still heavy in EGRP and will hold, but am playing a few smaller plays that Wayne and Sting found - IDTC and SDMT. I am also playing what I consider another safe Internet related play - PCCC. If it falls, I think it will eventually recover, but it is not IMO ridiculously overpriced at the moment (whatever THAT means). For your quick churn moves - look at CDNW and CIEN... if you can catch their rhythms, you can pull a couple of points a day from them, which amounts to 10% or more - and if they crap out a bit and you mis-time it, chances are that they will come right back up in a week or so..... I also pulled close to 2 quick and easy points from CPU this week.... all good stocks that I will play over and over. I may even start to keep some free shares in the event that they join ATHM in the 100 range.... I guess my point is that there is some inherent danger in the "next wave" of internet stocks... companies that haven t yet made it, may never make it. There are to be sure some out there that WILL make gobs of money in this craze, but a hefty part of my portfolio is in the ones that are already there..... Cheers MG