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Technology Stocks : Newbridge Networks

NN 13.69

-2.5%

Dec 2 3:59 PM EST

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To: Doug who wrote (7379)	11/13/1998 3:32:00 PM
From: Serge Collins	Read Replies (2) of 18016

Madness has is gripping the market. These Internet stocks are going up like rockets and the whole thing is related to hype and riding the wave. People are buying them without doing any DD; which, when you think about it, is absurd anyway. People are going around hyping up these stocks and others are buying them up--a sort of greater fool mentality is at play here. The last time we had this phenomenon, it turned out to be a market top. Could we be headed for another fall? Could this sign of complacency mixed with stupidity and excessive exuberance be signalling the end of this leg of the bull run, or is it just telling us that a certain segment of the market is now, more than ever before, more akin to a pyramid scheme than an investing market place?

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