You know Glenn, it's amazing how fleeting genius is. For so long, those of us who questioned the valuations of these
stocks looked like idiots, cement heads, small thinkers, etc. I was starting to believe it. Now you have very astute
investors, who sell a stock for valuation reasons at 40, and buy it back 4 months later for close to 200, and average
down on the decline.
I was feeling just like you explained it. An idiot who just does not get it.
Now all of the sudden, the arguments of the new paradigm guys sound hollow, hopeful, speculative and disingenious.
Even the bull analysts are circling the wagons around 3 names: AOL, YHOO and AMZN. (I've noticed EBAY hasn't been
mentioned lately)
Not only EBAY but I have not heard the words "new paradigm" in a long time.
hose who now say that this was a speculative bubble, don't sound so stupid.
Those of us that stayed short without cutting losses sure feel stupid<G> |
