Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.890

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Nov 28 9:30 AM EST

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To: Tatnic who wrote (4247)	10/8/1999 2:38:00 AM
From: BelowTheCrowd	of 10293

> IOM comes to mind as one "good" stock that burned alot of smart people. < Not sure I'd agree with that assessment. IOM was (and arguably still is) a good COMPANY, whose stock was pushed to insanely overvalued levels by people who fell in love with the company and paid scant attention to the reality of its inability to every justify the prices being paid. In short, good company, bad (or at least overvalued) stock. People got burned because they couldn't tell the difference between the two. The same fate will ultimately face most internet investors. Most, if not all companies in that space, will eventually fall to levels that approximate their realistic long-term ability to generate revenues. The fact that many of them are "good" companies isn't going to matter. No. I won't set a timeframe on it. And I won't consider shorting them either. To do so in the current market conditions borders on insanity. mg

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