Greed is a deadly sin for those lucky or smart enough to have caught the golden ring.
>Bearish?
Olu, the internet is not new. It's been around for several years. To date, the only company that's made a decent profit directly from the internet business is AOL.
There are many who make it indirectly, like MSFT, and you know them all.
I'm not hesitant to admit to missing the internet golden ring. However, I am first a business man. I earn my money running a successful business, and have never earned any great deal of money speculating in the stock market.
Yes, I am bearish on the internet stocks because I see a collapse coming. It has happen before. Whether it's tulips bulbs, Roaring Twenties Stocks, Whale oil, Biotechs, Iomega, gold prices, Ktel, or Tokyo property values, speculation ultimately ends in disaster for those too blind to see the dark side.
I respect William because he knows when to get out. I've followed him when he touted such house hold names as Redbrick and Osborn (only a guess, relax William). I guarantee you he was long gone before the for the finale for those two.
gw
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