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To: Sgt. Stockpile who wrote (8215)	2/18/1999 2:41:00 PM
From: JW Steve	Respond to of 27722

<<What are your general market sentiments of the Internet Sector?>> The big overvalued stocks deserve to get smacked down substantially. The problem is that they seem to take everybody else down with them. I read an interesting article about market year 1998. On the surface it looked like everybody did really well, S&P was up 25% or something like that. However, in 1998, there were more losers than winners for the whole year. The S&P 500 and most indexes were dragged upward by some of the very big CAPS having unbelievable years. The mid to small caps actually didn't fair that well as a whole. The moral of the story is that I don't really think the whole internet sector should get dragged down, but it probably will. Everyone involved in the internet sector will get penalized for the jackasses who were still buying Amazon at $400 a share. As far as it being the final correction or what have you, I don't think there will ever be one. Internet stocks are hot because the possibilities are endless and the internet itself is creating a self-feeding hype monster surrounding them. The internet is revolutionizing investing and the way that information is delivered. Because the internet is delivering the info, there is an inherent bias. For this reason, I see the tech sector investing growing substantially for the next decade at least. I guess I rambled enough. jw steve

To: Sgt. Stockpile who wrote (8215)	2/18/1999 2:50:00 PM
From: Patherzen	Respond to of 27722

Sgt... my take on the nets... Euphoria rains when they sail into the great beyond. When a correction hits panic sets in and anxiety about whether the ceiling is hit. With Dow Jones and Co. now offering an internet fund... they're betting on big future growth. I think so, too. However... volatility will be Lord and patience must be Master. Also... diversify your port so no matter what sector takes a hit (ie: computers are now outdated by a mental telepathy electronic device where you think thoughts to do business...) you're are not booted off your farm. I am looking at MT now. Sitting mostly on cash. Not selling NAVR till IPO causes huge spike and I play with a % of high roller $. Best regards...Patherzen