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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Lazlo Pierce who wrote (6848)4/13/1998 3:36:00 PM
From: larry  Read Replies (2) of 18691
 
David,

I am absolutely surprised to see that KTEL can more than than its market cap within a day after they announce that they will sell music over the net. This is truly remarkable and is the perfect example of mass mania. I do agree that playing internet issues is the best way to make money at least nowadays. Anything that is a tiny bit related to internet is worth doubling or tripling the market cap within several sessions. This thing is out of control.

I do agree that one day all these issues will get hit hard. But until that day comes, maybe it's best to ride the wave.

larry!
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