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Technology Stocks : Vignette Corporation (VIGN)
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To: Wizard who wrote (116)10/21/1999 1:51:00 PM
From: George Gotch  Read Replies (1) of 628
 
Please come up for air as you inhale the ether. YOu are falling into the bullshit that brokerage firms and ven cap guys are feeding you. Sure it is nice they are going up and I am making money also, but I don't believe them for a minute. All this net hype has nothing to do with a new way to do business. It has to do with a quick way to make billions as an stock insider or ven cap investor I believe we are in the middle of the greatest stock promoting games in history where people are bidding up billions of shares to levels that will never be backed by fundementals just to make many insiders wealthy. It is just like the old pump and dump. Like penny stocks. Feed them a good story and run the stock as they all bail out and become rich. But, of course we believe the story of big gains and profitablity. Please. It it what it is. A game in which people are making billions as we make a little here or there. Why do you think you see adds for these private net companies before they go public on cnbc? They are pumping and priming the public to run the next deal. Wallstreet has realized that people don't care about fundementals. They care about stories and movement. Thus, feed the machine with a story and you make billions. So before you believe all this bullshit think about what is really going on out there. The signs are there everyday.
Note: don't get me wrong about the net in general. THere will be winning companies or does this reflect on VIGN. I am talking about the game in general and you comment on how you can't lose money B.S.
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