XM Satellite Radio Holdings Inc. (XMSR) Message Board

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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)

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To: pcstel who wrote (546)	4/23/2003 3:11:33 PM
From: i-node	Read Replies (1) of 3386

Yeap!! Just like the market could see where all of those stocks were headed in Feb. 2000. Well, I think you're right to some extent. The market, at that time, was foolishly disregarding the facts and throwing money at ANY tech stock. Today, it has overcompensated (predictably) and turns a blind eye to the excellent opportunities that present. Markets, ALL markets, react this way, have for years. I've seen it everything from real estate to commodities. They go nuts for a while, then can't see opportunity when it smacks them in the face. It all comes down to the need to carefully evaluate the business model and make your decisions based thereon. In the tech bubble, people were throwing money at businesses that OBVIOUSLY had no business model, no way of making money. The market is now coming to recognize the cash potential of XMSR. You have been talking this stock down for months -- probably about when I was loading up at < 2. Seems to me you'd have been a hell of a lot better off to pay attention than to try and argue with the facts.

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