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To: Robert Rose who wrote (60262)	6/3/1999 4:56:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

I participate in an investment club that meets once a month. Annually each member picks a paper portfolio of stocks as a contest. No one takes this very seriously. One member who seldom has much to say about stock picks or market strategy except "I dunno, whatever everyone else votes." has come out on top of the contest for the past couple of years. The last contest (1998), he had picked a few Internet stocks for the fun of it. He said that he had never heard of any of the companies but was hearing me and others in the club talk so much about the Internet that he thought "why not". At the time of his picks I was excited about the Internet (still am) but had thought that Internet companies were already over-priced. Little did I know how much further the trend could go. I agree that the Internet is a magnificent phenomena or "Mega Trend" that is well worth riding for the long haul. However, the reasons for the meteoric rise in many of the Internet stocks involves more than the prospects of the companies or the sector itself. Even a magnificent ride can get too wild and throw you off on your butt. Probably the best thing to do is to dust yourself off, wait for the thing to settle down, and then get back on again. In the long run, there is still a lot of wild ride left and always a chance to pick a fresh horse. ; ^)