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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (1233)	2/22/1999 5:13:00 PM
From: gizelle otero	Read Replies (2) \| Respond to of 2282

Patience will reward us. Double-up if you can. The alternative is to join the "I think 1300 times earnings is reasonable for this internet or technology stock" camp. I would rather sleep at night with GLM under my pillow. Thanks.

To: Robert Douglas who wrote (1233)	2/22/1999 6:12:00 PM
From: Stitch	Respond to of 2282

Robert; We appear to agree that this is a waiting game. This is a time to accumulate and wait for the return of familiar winds such as growth and inflation. Stephen Roach and David Hale are, therefore, playing our tune. But the article Stephen Yeo linked on the Asia Forum thread is worth linking here also. I think anyone investing in this sector needs to read this and understand it as best they can. Your WSJ article and this one from the Economist seem to offer point-counterpoint and capture the essence of our risk here. economist.com Best, Stitch