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To: Greater Fool who wrote (50578)	4/15/1999 1:08:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I worried about the use of the word "fundamental" when I posted that. I knew what you meant. I do not believe there any fundamentals as I know them. I recently figured out that share prices are almost always disconnected (to varying degrees) from a firm foundation. I found this out after hugess losses from being short. I was a slow learner. What I now worry about are the New Fundamentals, such as IPOs, insider share release, and public sentiment regarding the internet. This bothers me too. I should ignore the sector and have to a certain degree. I lost my head the early part of this week<G> As an aside, I find greatly amusing the analyst comments regarding the internet stocks. One that you posted insisted that Yahoo was going to have cash flow 80-90% of $1B in revenue in 2000. I don't think there's been a company in the history of capitalism that's sustained cash flows 80-90% of revenue. That would call for Yahoo to grow to $1B in sales but decreasing expenses from their current levels. This when their margins are narrowing! I saved everyone of these since March 1998. This way I can travel back through history and see how accurate these people really are. Check out the chart on my profile. That was Keith Benjamine's work just last June. He was a bit incorrect<VBG> Glenn