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Technology Stocks : IMOT, the Yahoo of China?? -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Forthright who wrote (361)	3/12/1999 10:19:00 PM
From: SOROS	Read Replies (2) \| Respond to of 781

Reporting, shmorting, shorting. Who cares? If they are not solely a scam, but only a small company who likes to stress (press) even small achievements, and they are really trying to develop into a Chinese Internet player, and they really do have the proper contacts to move forward, then who better to someday realize the vast amount of money to pass from Chinese millions (if not billions) by way of the Internet? There is sometimes a little (or a lot) of hype with small beginning public companies. But some (not obviously all) have the potential to return large amount of money in the future. I have a friend who bought huge amounts of one of the well-known current Internet stocks ($100 plus and many splits later now) at a few pennies a share. Lots of interested, intelligent, skeptical, cynical friends and acquaintances said, "are they a reporting company? -- they only have a few employees -- they won't turn a profit for years -- they're LOSING tons of money -- you are wasting your money -- there's too much competition -- that idea's silly". Now, a $15,000 investment is worth just shy of 150 million. Once in a lifetime, sure, but many others have returned perhaps ten, twenty, or 50 times the investment to the patient and not the panic-fed person. You may make a steady 10% a year over 50 years, but you will miss the pain of losing 90% and the thrill of gaining 10,000% -- it's all a matter of taste. I remain, SOROS ps Nortran WILL make me an easy cool few million in the next few years to be used for many parties. I average down to perhaps $10,000 loss, but now when it moves, the gain will come fast. When it does, perhaps I invite you to a free Pain medication party -- pain and aphrodesiacs are part of the Nortran pipeline you remember. pps IMOT-- ?? who knows?