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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: marginmike who wrote (49545)5/6/2000 11:41:00 AM
From: bobby beara  Read Replies (1) of 99985
 
I was just lumping that one in, because it was part of the mania about wireless internet and was peaking as kid was pumping, just because companies are for real doesn't mean they can't be subject to extreme price overvaluation in times of buying hysteria, (remember RCA of the 20's, coke of the 70's).

i have to grill cheeky kid, who was coming to the tulips thread in late december insulting anybody who was bearish on internet stocks. This was just as the market was making it's momentum peak.

kid said the thread was "not forward thinking"

I think the thread was quite forward thinking, looking at the prices of the majority of internet stocks.

kid also can't distinguish the price action vs the technology and can't understand someone could be bearish on internet stocks and bullish on the technology.

b
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