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Technology Stocks : Worst stocks for '96
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From: Dharmesh Jani1/31/1996 1:15:00 PM
   of 312
 
Hi! Mark,

I have been reading all of u'r postings and felt
very good that you made good amount of Money in NSCP.

But I personally feel that it's less from Market savy and
more due to luck. Infact I think there can only of one
NSCP in the stock market which defines normal logic and
caters to more absurd ambitious aspirations of millions of
investors which get hyped up from something they don't much
know about but expect alot from it. No wonder it commands
P/E of 700 or so. And no wonder all other internet stocks
are bursting there way down.

Infact I would say that in u'r case it was more of intelligent
decision to sell the stock at $162 then to buy it at $53.

Infact in every new technological era we see a "NSCP" but only
one NSCP. Poloraid, XRX and EDS where there in 70's when they
all got hyped up on novel technologies. And now we have NSCP.

And tomorrow we will have another "NSCP" in some new area.

But I would say speculation and hopes are playing better part
in such cases then the actual worthness of the companies.

Any comments?

DJ
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