Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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To: Sir Auric Goldfinger who wrote ()	12/30/1998 11:24:00 AM
From: StockDung	Read Replies (1) of 3543

Internet Retailers' High Stock Prices Unsustainable, WSJ Says New York, Dec. 30 (Bloomberg) -- Shares of companies offering sales and services through the Internet are pushed high by enthusiasm for online shopping, but analysts doubt companies' profits will be able to sustain their share prices, the Wall Street Journal Interactive Edition reported, citing Lise Buyer, Internet analyst for Credit Suisse First Boston. Many companies with boosted Internet sales are ones with unglamorous businesses, and for others, online trading simply takes away from traditional sales; K-tel International Inc. is one stock that quadrupled after starting an online service, although almost all of that gain disappeared within seven months. Investors are still keen to buy such stocks; ''You can't say ''don't buy'' because there's likely to be a greater fool out there'' who will buy for more, the WSJ reported Buyer as saying. U.S. online retailers said the Christmas season surpassed expectations as people came to World Wide Web sites in droves and a survey by Ziff-Davis Inc.'s ZDNet Internet unit said online shoppers will buy an average of $457 of goods this year over the holiday season. (Wall Street Journal Interactive Edition 12/30 www.wsj.com) 07:18:59 12/30/1998

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