Gorilla Game Investing in the eWorld Message Board

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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: Mike Buckley who wrote (1128)	1/1/2000 6:28:00 PM
From: StockHawk	Read Replies (1) of 1817

>>I don't suppose the extreme valuation had anything to do with it.<< Extreme valuations make for extreme sell-offs. The question as to whether the valuation prior to the sell-off was valid is certainly open to debate, with the it's-a-bubble crowd facing off against the greatest-opportunities-in-history crowd. Perhaps the market just woke up and said - yipes, this thing is way overvalued, lets cut it in half - but from what I read (which was not much - so I may have missed plenty) it seemed that people were reacting to the end of the lock-up period. Knowing th end of a lock-up period is like knowing the date the fiscal year ends - it is not a secret so it would seem that the market would react to such "news" in an orderly fashion. The part here that should concern investors in the stocks followed by this thread is how quickly the market for a high-flying stock can turn, and the seeming fact that it can happen for valid reasons or for dubious reasons. StockHawk PS. where are you posting from today?

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