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To: Allan Harris who wrote (3201)	2/5/1999 9:49:00 AM
From: Investor2	Respond to of 15132

Very interesting post. It seems there are two widely presented theories about internet stocks. The first is that they are grossly overvalued and are a perfect example of a market mania. The second is that they offer investment in the dawn of a new era. I imagine that there is a little bit of truth in both ideas, depending on which internet company is being considered. RE: "My approach has been to own a basket of them and just not worry about anything I read or hear in the media." Which stocks do you have in your "basket?" Best wishes, I2

To: Allan Harris who wrote (3201)	2/5/1999 10:00:00 AM
From: Kirk ©	Respond to of 15132

Great Post Allan. Going "Against the Gods" is scary at times when the gods call you a fool. I was impressed with how the "Motley Fools" had a public portfolio that did nearly 100% last year. It comes down to this: The naysayers of Internet stocks have never recommended purchase of a single one. From the beginning, they have been simply wrong. Yes, sort of reminds me of Barton Bigs. 8) So, how has your 4% done?

To: Allan Harris who wrote (3201)	2/5/1999 10:43:00 AM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Alan: Nice post, but as I am sure you must realize you took don's post out of context: "I just don't get it. Why would anybody buy an internet stock after the Nasdaq has just jumped 75% in four months to bizarre levels of record high valuation, knowing all along that the probabilities favor losing money on such a speculative decision at such an unfavorable time marketwise." I am sure you are not making additions to your internet portfolio at this time. If one wanted to take a flyer on the net, the time to do it was September - October, 1998 or before. Not today and I can say the same of any large cap technology stock.

To: Allan Harris who wrote (3201)	2/6/1999 12:36:00 AM
From: Hank Stamper	Respond to of 15132

In Canada, the largest mutual fund company has been all over the TV in the last three weeks. The CEO, no less! His talking head looks out at the audience--he has a roundish, nice man next door look--and with peaceful charm, tells us that the internet is the growth story of the next century. And, no investor can afford to miss the train. So, his company has just started an "e-commerce" fund to help us participate in this exciting new investment opportunity. What the heck to I know. I'm just an ex-logger/sawmiller (true!) so I probably don't get it but, when I first saw that advert I figured the bubble had started to leak. Ciao, David Todtman