Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Michael Berkel who wrote (8541)	12/17/1997 9:36:00 PM
From: Investor-ex!	Read Replies (1) of 9285

Michael, All predict huge future business for AMZN and other Internet related commercial companies. You sound a bit surprised that employees of the investment banks are recommending the most overpriced stocks of the most overpriced sector in an overpriced market near their all time highs and at a cyclical peak. The internet sector has peaked and crashed at least once before. The more that internet stocks move away from providing basic infrastructure (hardware and access) and into advertising and sales, the more tied to the business cycle they become. The types of businesses that are succeeding are basically moving their sales from mail order or 1-800-telephone sales or are stealing it from someone else too inattentive to notice. The "internet" is the marketing catchword du jour. The comment that it would require $1 billion to create a competitor to YHOO is the funniest thing I have read in months. "They [Yahoo] have a 40% web usage" -- what the hell does that mean? Someone else thinks AOL is a search engine! These people are either idiots, duplicitous, or smoking crack. Best of luck,

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