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Technology Stocks : Net Perceptions, Inc. (NETP)

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To: rupert1 who wrote (2653)8/10/2000 9:46:56 PM
From: Carl R.  Read Replies (1) of 2908
 
"once ... CMGI type companies start recovering the bulk of their "lost" value"

Whoa there, Victor. When the Biotech bubble burst in 1990 it took 8-10 years to regain the prior peak, even though most drug research is done using Biotech. It is true that some biotech stocks regained their prior high in only 3-4 years, but many others never recovered. The same will be true of internuts. Some will return to their prior highs over the next several years, but most will never approach their prior peak, and the DOT index will probably not equal its prior high for years. You make it sound like this is just a momentary pause in the internet stocks, and they will quickly return to their prior peaks, and that just isn't true. Some stocks will succeed, and I believe that this one will, and those stocks will be good investments, but even the leaders will probably take years to reach their prior peaks.

Carl
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