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To: Softechie who wrote (4464)	4/17/1999 1:19:00 PM
From: jgideon	Read Replies (2) \| Respond to of 118717

I do not disagree on the potential of ELOT. It is vast. However, I like to post the sober facts in a discussion and not let myself get carried away by emotion. The fact that I post at all about a stock means that I think it is an investment worth considering. I'm just not a momentum type of investor or a cheerleader type of poster. As to your points ... I do believe that it is legal for lotteries to go online. After all, net stocks are traded online <g>. I do think Frank Carey's involvement is noteworthy, but IBM has never been at the forefront of the web. I don't see anything in ELOT's stuff that tells me these guys know something about the web that others don't. Yes, they are there first. But, in my opinion, others could catch up in not too long of a time. EBAY is a okay comparison, they are still the leader with lots of competition. But lotteries are different. There are only 50 states. 50 potential US customers. There are, of course, overseas ones as well, but the point is that the market size is limited in number of clients. And I would expect most of those to wait and see how the first one or two do before jumping in. Real revenue could be a long time away, and hotly contested when it arrives. I need to see a contract before forecasting an EBAY. My thinking is that, as with ATLB last week (see my posts on this board), people might jump heavily into this stock. The concept is great. But sooner or later, the shorts will sweep in and remind everyone that the emperor has no clothes yet, just the promise of clothes to come. It could be the best long term investment of the century, but it only looks like a short term play on net speculation to me. jg