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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.44+1.6%Nov 10 4:00 PM EST

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To: Jorj X Mckie who wrote (37311)1/13/2000 8:12:00 AM
From: pater tenebrarum  Read Replies (2) of 99985
 
Jorj, i may not have expressed myself well then. i believe the internet leads to margins being competed away very quickly. the efficiencies are largely on the part of the buyer, who merely has to click the mouse to view competing offers.
in any event, while the internet is certainly a very important development the possibilities of which have surely not been fully realized yet, it doesn't mean that as an investor one should take complete leave of one's senses when valuing companies involved with it.

regards,

hb
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