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Technology Stocks : Internet Guru Discussion
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To: Jeff Dryer who wrote ()4/16/2000 7:06:00 PM
From: Cary Salsberg  Read Replies (1) of 4337
 
I just read Randy's article on forest fires... It was the typical bullshit that drove these companies to absurd valuations. It made no attempt to suggest how much further these companies will fall. It hand waved about selectivity and the long term outlook after the correction ends. In "Super Stocks", Fisher, in the stone-age of 1986, suggested that 6 times sales was about as high as a prudent investor should go. Compute 6 times sales for these B2B stocks and then try to establish reasons for higher prices.
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