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Technology Stocks : Paul Allen's Wired World
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To: Carolyn who wrote (55)7/4/1999 11:18:00 AM
From: Mike McFarland  Read Replies (2) of 361
 
Is IATV cheap? This company in just six months
has gone from unnoticed to a half a billion
dollar marketcap. If you captured any of that
run, wouldn't it be greedy to expect any more
out of it?

I will try to keep an open mind on this thread,
goodness knows I have been surprised over and
over again at the willingness of speculators to
bid up these net tech shares to stratospheric heights
in very short periods of time--lengths of time which
are so much shorter than the time it takes for
companies to become established--much less crank
out product. I am generalizing to the sector,
CarolynF, don't know a thing about IATV, but I
do wonder when I see two comments hoping for
a Paul Allen investment in IATV if maybe you
came to this issue late--at the top?

Don't be too put off by my comments--six months ago
somebody recommended iatv to me, I could have had
a ten bagger, but I blew the idea off. I'd have guessed
that this whole sector would have been melting down all
this year, and yet fortunes continue to be made. It
makes the biotech fake out of the early 90's look
like kids stuff. Naturally I wonder if web tech will
crash even worse than biotech did when folks realized
it can take years--not weeks--for companies to shine.
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