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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT)
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To: Margarita who wrote (1129)9/9/1999 7:30:00 PM
From: Eric Wells   of 1794
 
>>If you love MSFT I wonder what are you doing in
>>RHAT thread specially

Margarita - I never said I loved Microsoft. I view RHAT as a rather controversial stock - and that is why I am participating in the discussion here. I have actually learned quite a bit about Linux during the two days I have participated on this thread - and I am thankful to others on this thread for the information provided.

I am curious to know why Red Hat is commanding such a high market valuation. From all the information I have gathered thus far, I believe that RHAT is very much over-valued. I would like to see RHAT come down in price - but not for the reasons that you probably think. I believe that stocks that are used as instruments of speculation, as I view RHAT to be, are ultimately damaging to the US economy. Volatile stocks such as RHAT appear to be subject to manipulation by certain traders - they end up luring in unsuspecting investors that believe target price settings and buy recommendations issued by investment banks. And then when these stocks fall, these investors lose a lot of money.

The greater number of highly speculative stocks that you have in a market, the more investors you are going to see lose money. If enough investors lose money, it will have an impact on the economy - people will spend less money, have trouble paying off their debts, etc. In summary, while highly speculative stocks may allow some investors to make a lot of money - they generally result in causing a lot more investors to lose money.

So, I participate on this thread to:

1. Educate myself on the prospects of Linux and Open Source development.

2. To provide some balance to the RHAT discussion with the hope that it will result in the price of RHAT coming done to a level that has some grounding in reality.

Do you feel the price of RHAT will be 120 or higher a year from now? I don't. In fact, I think there is a very good chance that the price of RHAT could be under 25 a year from now.

Thanks,
-Eric Wells
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