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To: Thomas M. who wrote (2508)	4/21/1999 10:39:00 PM
From: SteveG	Read Replies (1) \| Respond to of 17683

<...Morons like you...> Tinge of "fundamentalist" jealousy Tom? Forget the $$ and just enjoy being right (if you're sure you are) BTW, I agree there are a LOT of "morons" and other "unsophisticates" involved these days. And they've broken some pretty savvy fund managers who bet against these growing masses. Others learned to go with the flow and outperform. Regardless of academia/tradition (remember the physicist, chemist and economist on a desert island with a can of soup and no opener?) "value" is in the pocketbook of the beholder. Fighting the tape can be detrimental (and other apropos cliches...)

To: Thomas M. who wrote (2508)	4/21/1999 10:54:00 PM
From: BomboochaBoy	Respond to of 17683

Morons like you who drive up the price of Internet stocks are like the Korean official who ... Let's refrain from juvenile language and intentions, Thomas. I never claimed valuations are currently accurate nor did I claim they will last forever. Nor will I ignore the fact that the Internet has changed to scope of economies globally, even if there is a shakeout of monumentous proportions to come. In the case of Scott Black, there is an aversion to recognizing the reality of today's market. There are a plethora of ways to maximize profits for retail investors/speculators and fund managers. Before I would pretend to care about the economy so much that I would avoid net stocks, I would admit that my bottom line is MY responsibility, not Mr. Black's or yours. When a professional like Mr. Black goes on the air numerous times to talk about what he doesn't like, i.e. "the internets are overvalued," he should really pay all attention to the sectors he does like. Today, for a change, he talked about some tech stocks he sees at fair prices. But again, Mr. Black can't seem to stop himself from taking shots at incredible net leaders like Yahoo. Forgive me for playing psuedo-psychologist, but he certainly seems jealous and downright bitter. As I said in my previous post, if Mr. Black had been serious and shorted the stocks he disliked so much, he'd be in the hole to the tune of 103%. Numbers do not lie. Comparing any of us to Korean officials or whatnot is impractical and seriously lacking in reality. We are not Korean officials who throw billions around.