Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

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To: Graeme Smith who wrote (6114)	1/15/2000 7:23:00 PM
From: Phil(bullrider)	Read Replies (1) of 10293

Graeme, Without responding to your post point by point, let me attempt to address this one: But, your right. I could be flawed to expect PE's to return to the 10-20 range. That was my possbility number 1, PE's might remain at 200 indefinitately. Most people that are currently investing in stocks based on the Internet believe that in the future the companies will grow into the PE. Will it happen? I don't know. But I do know that I am not investing in any of the so-called "first tier" internuts. All of my Internet based longs are the so called "support" companies. Am I wrong to think that the Internet will change the lives of the worlds population? I don't think so. Now, let's get to the subject of the Internet companies losing money to operate. Don't almost all start-up companies lose money when they are in their infancy? Aren't almost all Internet companies still in their infancy? I will not argue the fact that investors are appearing to overvalue a lot of start up technology companies. The only point I would offer as an argument is that we have nothing to base an argument on because we have no history yet. I'll get back to you in a couple of years. Have fun, Phil

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