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Technology Stocks : Audio and Radio on the Internet- NAVR

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To: Sgt. Stockpile who wrote (8215)	2/18/1999 2:41:00 PM
From: JW Steve	of 27722

<<What are your general market sentiments of the Internet Sector?>> The big overvalued stocks deserve to get smacked down substantially. The problem is that they seem to take everybody else down with them. I read an interesting article about market year 1998. On the surface it looked like everybody did really well, S&P was up 25% or something like that. However, in 1998, there were more losers than winners for the whole year. The S&P 500 and most indexes were dragged upward by some of the very big CAPS having unbelievable years. The mid to small caps actually didn't fair that well as a whole. The moral of the story is that I don't really think the whole internet sector should get dragged down, but it probably will. Everyone involved in the internet sector will get penalized for the jackasses who were still buying Amazon at $400 a share. As far as it being the final correction or what have you, I don't think there will ever be one. Internet stocks are hot because the possibilities are endless and the internet itself is creating a self-feeding hype monster surrounding them. The internet is revolutionizing investing and the way that information is delivered. Because the internet is delivering the info, there is an inherent bias. For this reason, I see the tech sector investing growing substantially for the next decade at least. I guess I rambled enough. jw steve

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