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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Tunica Albuginea who wrote (936)12/28/1999 8:40:00 AM
From: Dawgfool  Read Replies (1) of 4187
 
Dear Tunica, I have a minor in psychology, my dad is a psych professor and I have two cousins who are practicing psychologists. I understand mass psychology, I also understand mass hysteria. You are clearly correct that it is mass psycology (also could be termed herd mentality)that explains current price. This is not the first time that fundamentals have been lost in sea of market hysteria. Over the long run however, FUNDAMENTALS of stock valuation have always prevailed. Overvaluation typically only lasts a matter of months. In the case of .coms it is already far beyond that timeframe. I attribute that to .coms being a quasi Industrial revolution phenomenon and difficult to value on fundamentals at the moment. In 2000 that will change and we will have a monumental correction. Hope you are out by then. If you are out, you will be a great winner, if not you will see the .com portion of you NW plummet. Good luck
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