Michael,
<<On another point, I think Mr. Cramer is absolutely right that lots of people in the market underestimate the work it takes to design and implement a first class web site. It's like radio or television or newspapers or any other medium! There is a lot of technical work and a lot of design work that users don't even notice when it's done right.>>
Your point is well taken!! And yes, its the small trader and investor (if one could call it investing....hee,hee) that is controlling these more hyped (e.g. ktel, bamm) internet-commerce stocks, and hence, they have taken on a casino-like quality to them. Some people will win, some will lose badly, just as they do in Atlantic City, Las Vegas,and other legal betting houses. One thing I do like, pros and amateurs are on an even playing field. That's not just on the internets, but many other stocks where internet linked business wires, message boards, etc. allows us to gain insights quickly. Just look what Lehman Brothers was doing with CS yesterday hours before the close....
biz.yahoo.com
Wednesday December 2, 12:25 pm Eastern Time
BLOCK TRADE - Cabletron 500,000
at 13-3/4, down 1/2, crossed by Lehman Brothers
Access to this news can help us little guys out if we know what to do with it..... =;-)
Regards,
QuadK |
