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To: RocketMan who wrote (5141)	2/7/1999 12:26:00 PM
From: David Harker	Respond to of 29970

RocketMan, that was beautiful. I think your post accurately summarizes the glimpses of Ahhaha's mindset he has revealed on this thread. I also think he feels ATHM can survive that huge drop, based on statements that we must hold no matter what, and that the time to be buying it is right when most people will be too scared to do so (this last thought was from a posting w/in the last week). I greatly enjoy the challenge of parsing meaning from his posts, just tired of his great (apparent) feeling of superiority. Many experts I have known are modest, and just DO (and they DO in a very, very competent fashion which leaves observers in awe). They don't proclaim or imply their superiority, and some don't feel superior at all - even though they are, in their field. Ahhaha doesn't come across as secure enough to do this, or else he just takes great joy in poking, prodding, all in the supposed guise of helping people "realize the truth" (my words).

To: RocketMan who wrote (5141)	2/7/1999 1:28:00 PM
From: Jing Qian	Read Replies (2) \| Respond to of 29970

As far as I know, Ahhaha is a 31 year old living in New York, according to his recent posts in Yahoo board with a handle "Phaggi". Well, people at that age always feel superior. I was that way at that age too. Can't blame him.

To: RocketMan who wrote (5141)	2/7/1999 10:18:00 PM
From: FR1	Read Replies (1) \| Respond to of 29970

Great Job RocketMan!! My thoughts exactly but I just could not put it in words. Do some more of that in the future for us! Let me ad some to the mitigating list: 1) OnLine investors: The army of online investors has grown remarkably in the recent past and shows no sign of stopping. etrade and ameritrade have both had major overload problems recently and are scrambling to buy equipment and keep up with demand. These people are out of the reach of the Pros. I would love to see figures on the growth of online investing and what effect they have. 2) Pro recommendations: If you listen to the consensus of most of the Pros (ml, dean whitter, etc) they are not forecasting a major drop in the market. They are telling their investors and the market that they feel this will be a up and down year with techs leading whatever gains are made. You look at zacks and it is thumbs up for the techs. I even saw one of them recommend AMZN recently. 3) History: Most pros know that when we have had a historically major shift in commerce the businesses representing the new growth areas frequently started out with no profit and unreasonably high valuations. Most people thought standard oil was a stupid idea because its initial market was selling kerosene to household lanterns. Even when Ford came out with the car they did not see it. Airplanes the same. Fly tons of metal through the sky and try not only to get people to sit on these death contraptions, but to pay money too!! Insane. No mass market. What about insurance claims? Bankruptcy for sure. It seems that many of the pros feel the way I heard one speak: We are ignoring PE because this is a unreal situation. Basically, we know it is a area of great growth and it is the future of commerce. As long as the businesses can keep posting the types of growth gains they have been, we will support them and enjoy the ride. If growth drops off sharply and there are no profits, we will drop them. Although Pros are much more comfortable with a known market and reasonable PE, they realize they can not afford to miss the internet train ride. How are you going to tell your investors that you, the expert, passed over ATHM or YHOO for a stock that made 35%/year?