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To: Thomas M. who wrote (2448)	3/29/1999 12:46:00 PM
From: SteveG	Read Replies (1) \| Respond to of 17683

speaking of internets, CNBC seems to have dozed on reporting on Critical Path (CPTH - out of Robbie Stephens and H&Q) an internet IPO which priced 4.5 million today at $24, opening at $45 and recently saw $65. They usually love playing up these internet IPOs to the retail public with CEO interviews, etc, - wonder if since they missed it early on, they'll just pretend it didn't happen

To: Thomas M. who wrote (2448)	3/29/1999 12:57:00 PM
From: Ian@SI	Respond to of 17683

The source that you're looking at for individual trades probably primarily shows those made by individual investors. That doesn't mean that there aren't other trading systems used by the institutions. Ian.

To: Thomas M. who wrote (2448)	3/31/1999 8:21:00 PM
From: Demetre Deliyanakis	Respond to of 17683

Instititutions which manage index funds also have to buy the internet stocks whether they like them or not. This has also contributed to the buying support. I am sure there is also some window dressing by portfolio managers who want to show their clients that they own internet stocks. The internet mania will eventually end like all others do. There was a good article in barron's a few weeks ago, which mentioned that the value of RCA stock was higher in the 1930-40 's than it was in the late 80's before ge bought it. The net mania reminds me of what happened in junior mining stocks in Canada during the mid 90's. Anybody remember BRE-X?