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Strategies & Market Trends : ZixIt Corporation (ZIXI)

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To: Kevin Podsiadlik who wrote (421)11/4/1999 11:19:00 PM
From: Roger A. Babb  Read Replies (1) of 4120
 
Kevin, Bob had it backwards....its my longs that usually end up in the dumpster! For what its worth, I still think AMZN and YHOO are overvalued and I still think the stock market would be much lower today had impeachment been completed, much as I dislike his actions. And I still don't believe the world will crash on January 1st! But I certainly confess to having been very wrong on the Internet stocks to date, the bubble has gone far beyond anything I thought possible and still shows little sign of coming to an end. But it is a bubble and normal valuations relative to earnings will return someday...........

The lesson to be learned is that the timing of irrational events can not be predicted. And some small few of the Internets may actually earn out their valuations, but I don't expect ZIXI to be one of them.
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