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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

Dec 3 4:00 PM EST

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To: goldsheet who wrote (54442)	6/15/2000 9:05:00 PM
From: William Harvey	Read Replies (1) of 116791

The average dot com IPO by Goldman Sachs since and including Yahoo, is down 8% from the first trade when the IPO hit the market if one share of each of their 70 dot com IPOs was bought. Hmmmm, what does that say about the 'buy and hold' philosophy? Only if you have a big mattress. Never before has it been so apparent to tech holders that they have to study the stocks they own and not just ride momentum. They must prove it's a viable company or at least not a part of the dot com mania. Up to now, investing in the future has been difficult but imo, we're about to enter a 'Tower of Babel' phase of investing because CNBC won't be able to bring us up to speed in their normal 'sound bite' like they used to. This may be known as the 'brother-in-law and next-door neighbor era' because they will be our new tutors. They'll all want to share their own golden opportunity. I'll just smile.

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