Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: Robert Ague who wrote (3131)	11/25/1998 9:52:00 PM
From: James Strauss	Read Replies (2) of 13094

Robert: Right now there is an internet mania... It could end anytime... Stocks are selling for 5 to 10 times their normal prices... It's a dangerous game that could be very rewarding or could bankrupt an investor/Gambler... What we are seeing is akin to the atmosphere in a Casino... People are chasing stocks because they keep going up... Never mind that a company doing 100 million in sales has an 11 billion capitalization... Sooner or later the bottom will fall out of the internet stocks... Price/Revenue relationships of 20, 30 or more to one used to justify the high valuations will fall by the wayside as once high flyers fall back to earth... Remember Presstek? at some point earnings will be rewarded while the non earners fall to single digits... Jim

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