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Technology Stocks : CMGI, eBAY, AMZN, AOL - When will the pain end?
EBAY 99.560.0%Oct 29 3:59 PM EDT

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To: Lucretius who wrote (4)6/14/1999 5:02:00 PM
From: paulmcg0  Read Replies (1) of 47
 
they look like buys here

I'd be very cautious about putting any money into Internet stocks -- I think they will go even lower.

What I am seeing now reminds me of what I saw when I was living in Thailand 2 years ago, when their stock market collapsed. I was working at a telecommunications provider there, who was providing real time stock quotations, and you could see the price of many shares just spiral downward with no end in sight. The closest metaphor I can think of is it was like watching liquid nitrogen vaporize -- lots of violent activity, and it (the money or liquid nitrogen) disappears without leaving a trace behind.
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