Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (2719)	3/31/2001 2:48:05 PM
From: Scott Bergquist	Read Replies (1) of 74559

Hey, my cousin works at the "National Lampoon" company you mentioned...one of the officers listed in the profile (Duncan Murray). I agree, when it got "hot" I could not understand why. My "signature bubble" company had the symbol NETJ. It had no revenues, no sales, no income. Just basically four guys with a Marina Del Rey address in L.A., who were standing by, waiting to apply their expertise in the dot.com world. Yet the market cap was in the millions, and it was trading 50k shares a day! Nevertheless, I could not resist putting my "cash" to work during 2000, even though in February I said, "ridiculous, this is a HUGE bubble...cash is king!" I am sure I am like many, many others.

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