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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Ken Whiteside who wrote (587)	4/21/1999 8:46:00 PM
From: Jimbo Cobb	Respond to of 954

The killing LPGL took a couple days ago confirmed to me that there isn't long money here, just profit takers and shorters. FNHC was about as strong a hand as there could be during the blood bath. That one is heading to 15 easy. Can't say I agree with a single thing you said (above)... Everything with an Internet connection went down big during the correction...AOL lost about 50 points, does that mean there's no long money in AOL ???? Most of the other run-ups, like DBCC prior to MKTW, were to such extremes that the valuations couldn't be justified unless the IPO opened at $250/share or something crazy....that isn't the case with LPGL...sporting a book value of $23 or so and paying a hefty dividend... LPGL is a much more solid company than FNHC by any measure in my book...doesn't mean FNHC won't go up more short-term.... Jimbo.