Tulipomania Blowoff Contest: Why and When will it end? Message Board

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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?

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Jun 26 5:00 PM EST

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To: Mad2 who wrote (3157)	10/28/2000 7:03:57 PM
From: RockyBalboa	Read Replies (1) of 3543

Mad2, that is indeed interesting. I try to remember the way the consumer internet companies as well as the portals and ISPs ("normal" end of mile retail ISPs) ended.... ...there has been a time I was wondering how BYND, or EGGS/ONSL or even AMZN (which I called a short in Jan 2000) - can trade at lofty multiples of sales (while burning the cash), ... where lists of Price/Sales ratios north of 100, or 1000 appeared on Silicon Investor (I think Cat Lady posted such a list), and it took several months of nonperformance until people began to dump the stocks. Regarding high P/S networking & optical stocks, we might be at the beginning of such a revaluation process with the usual wide shakes and stomach-churning volatility (simply check out BRCD, RBAK, JNPR etc.) It simply reminds me too much on the process a RNWK, or NSOL or AMZN/YHOO waded through in mid Apri to May 1999. I expect that history should repeat itself. ... note that the presence of really dubious offerings in the field (not to say junk equity offerings of companies with neglectible revenues) might mark the high watermark with respect to this sector.

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