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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (36108)	12/28/1999 4:54:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

George, no-one can claim 'expertise' in internet stocks...just listen to the hollow generalizations thrown about by the people attempting to rationalize the valuations of these stocks. beginning with my favorite "the internet is going to change everything". i regard them as trading sardines to get quickly in and out of, both on the long and short side. i personally understand oil stocks and their underlying economic fundamentals also a whole lot better... there's really nothing to 'understand' about internet stocks - it's a classic investment mania at this point, nothing else. before anyone feels compelled to remind me how big the internet is, i am aware of that. it's just that i have seen other investment manias and have thoroughly studied those i haven't seen personally , and therefore know one when i see one. there's nothing wrong with playing it, as long as one is aware of what one is playing with. regards, hb

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