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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: jeff nightbyrd who wrote (956)	5/7/1999 1:23:00 PM
From: Marconi	Read Replies (1) \| Respond to of 10293

Hello Mr. Nightbyrd: internet put profits -- thoughts Two thoughts. If greed is inspiring a hold, if you can sell now to cover your initial cost and hold on to the remainder without harm, do so and hold until later to close. Or, sell now while they are down. Nice timing for AOL, AMZN, YHOO, EBAY IMO. There remains too much dumb money sloshing around in this market for a financial rationalization in general. The internet IPO's do not look like they have come to death yet, if that is a clue. My guess is IRRATIONAL exuberance in the internuts will cycle in and out. It really has a long way to actually have cycled out. I think trying to time the fits of madness of crowds is nigh impossible. The loonies buying the internets remain one of the chiefest indicators that large pockets of madness exist in this market. Best regards, m BTW I am glad to hear someone is making money on the puts. I had sold calls to pay for puts last year in AMZN, with a neutral position a little over 100 pre-split, and had made some handsome profits on paper, especially the intraday dip to 68. I got chased out of those positions at major losses with the amazing increase in madness last fall, much of which prevails in greater excess to present. The current drop has not been much to sport about <yawn>. There is huge downside in most of the internet stocks--they are not going concerns for the most part. I try hard not to compete with dummies. They have a tendency to spoil a market for all involved.