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To: goldsnow who wrote (30557)	3/23/1999 6:27:00 PM
From: RonS	Read Replies (1) \| Respond to of 116790

"I hope gold never goes up." - James Dines Dines' golden rule: Buy the Internet By Thom Calandra, CBS MarketWatch Last Update: 3:51 PM ET Mar 23, 1999 StockWatch Chat Internet stocks SAN FRANCISCO (CBS.MW) -- James Dines, the financial newsletter writer with the golden tongue, takes pride in his wry sense of humor and a writing style that is more at home in a graduate English literature class than a brokerage house. Fresh off a new Web site, Dines is making a case for Internet stocks. Once known as the "original gold bug" for his decades of tracking silver and gold stocks, the California-based Dines now calls himself the "original Internet bug." His model portfolio of Net stocks is booming. Security First Technologies (SONE), an August pick for Dines, has risen as high as 73 from 11. Bulletin board medical information provider Mediconsult.com (MCNS) has gained more than 4,000 percent since October. And so on. For Dines, it's just another season mining Internet stocks. I asked him whether soaring Web stocks -- and the U.S. stock market's selloff this week -- make him queasy. Dines acknowledges we have a "violent bull market going on in Internet stocks." Still, Dines is brave in the face of exponential profits. "This Internet craze hasn't even gotten to Latin America or Africa," he says. The trick in picking from the current crop of Internet fledglings -- in the U.S. stock market, anyway -- is what he calls "first to market." "I've seen lots of growth stocks come down the pike in my career," says Dines, who has been writing the Dines Letter since 1960. The ones that are awarded the richest multiples are usually leaders in their industries. Investors' concerns about paying 40 or 60 times one year's revenue for the stock of a freshly scrubbed Internet company, is the "hobgoblin of little minds," says Dines, reaching into his literary grab-bag. Dines makes an eloquent case for further gains in online stocks. His three premises go like so: "The Internet is the biggest thing since the Gutenberg Bible of 1455." "The Internet will redefine every business on earth." "The smart way to play the Internet group is to buy the probable leader by picking a basket." The way to pick Internet stocks? Looking at management, studying stock charts and ignoring mass psychology," Dines says. "I wrote the book on mass psychology. The real bubble isn't the Internet stocks, it's the currencies -- no one is calling that a bubble." Many currencies are antiquated instruments that are cruising for a bruising, he says. Here is how mass psychology works, according to Dines: "I am very excited about Sportsline (SPLN). I heard (CEO Mike) Levy talk in Utah the other week at the Snowbird investment conference and what I noticed is that the room was virtually empty. And that is mass psychology. A lot of analysts still haven't come on board that stock, and they will." CBS Corp., part owner of CBS Sportsline, owns a significant interest in the publisher of this site. Other favorites: "USWeb (USWB) -- I hired them to design my new Web site." "I like Peapod (PPOD) and NewsEdge (NEWZ). I am aiming for one stock in each field. Put $500 in each of 26 stocks," Dines, who manages money, says he tells his clients. "If they all go to zero, you have lost $13,000. That is as likely as a comet hitting earth." He also has search engine developer Inktomi (INKT) and audio/video streaming company RealNetworks (RNWK) in his model portfolio. "And Exodus Communications (EXDS) is my favorite hosting site," Dines says. What about languishing gold? "Gold is a hedge; I think it is like fire insurance," he says. "I hope gold never goes up"

To: goldsnow who wrote (30557)	3/23/1999 6:32:00 PM
From: Bobby Yellin	Respond to of 116790

biz.yahoo.com

To: goldsnow who wrote (30557)	3/24/1999 5:57:00 AM
From: Bobby Yellin	Respond to of 116790

biz.yahoo.com "Russian politicians largely supported Primakov's decision to turn back in mid-flight, but press reaction was more mixed." ''Russia has lost $15 billion thanks to Primakov,'' the normally staid Kommersant business newspaper growled. The daily Vremya was more sympathetic, saying: ''Yevgeny Primakov returned to Russia without money but with authority.'' biz.yahoo.com

To: goldsnow who wrote (30557)	3/24/1999 6:09:00 AM
From: Bobby Yellin	Respond to of 116790

oops..I spoke to soon about welfare roles and prison roles (although the states are cutting down on welfare rolls they seem to be upping on prison roles..I wonder which is more expensive in the short run and in the long run)" "Massachusetts Mulls Making Inmates Pay For Prison" dailynews.yahoo.com "The Service Employees International Union said in a statement that the average wage for prison labor in the United States was between $0.23 and $1.23 per hour and feared that ''workers will lose jobs as factories relocate to prisons.''" "Jerome Miller of the Virginia-based National Center on Institutions and Alternatives said in a telephone interview that the proposed legislation ''is really a way of getting at minority groups and poor whites who make up most of the prison population.'' ''They will talk about it (in terms of economics), but it's really about race,'' Miller said, calling the Massachusetts legislators ''the most militantly uninformed group of dudes I have ever seen.'' If states got their ways..then I guess the US could become isolationalist and leave those workers in Indonesia alone..(ps I heard last nite that the Indonesia wage was going up to $30 a month..at least they could afford laces for the sneakers they make :-)

To: goldsnow who wrote (30557)	3/24/1999 4:03:00 PM
From: Alex	Read Replies (4) \| Respond to of 116790

China tells NATO not to use force in Yugoslavia ------------------------------------------------------------------------ China urged NATO on Wednesday to immediately reverse its decision to launch military strikes on Yugoslavia. ''The Chinese government opposes the use of force or the threat of force in international affairs,'' Vice Foreign Minister Yang Jiechi was quoted as saying by China's official Xinhua News Agency.