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Technology Stocks : Shorting YHOO
YHOO 52.580.0%Jun 26 5:00 PM EST

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To: John Stockman who wrote (98)12/6/1999 9:32:00 PM
From: John Stockman  Read Replies (1) of 108
 
On my Last post, I didn't think anyone would be stupid enough to buy above $200 a share. Well there must be a ton
of idiots out there now.
The bad thing about this run-up, is that it will make the market drop even worse than it would normally. We are at unprecedented levels, and someone is going to get burned badly. The smart investor moves their money off the market now.
My reasons:
1. Only the large cap stocks are moving up, and the small caps are not, and even going down.
2. There is a lot of foreign money moving into the market now because of Y2K fears in their own markets.
3. People are moving (in herd mentality) into stocks they don't even know what the company does. Linux anyone?
4. All good things must come to a end. Enjoy the hangover you drunken "investors" ("Poor souls")
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