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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: Risky Business who wrote (8979)1/16/1998 3:41:00 AM
From: Jeffrey S. Mitchell  Read Replies (2) of 13949
 
From Briefing.com:

INTERNET STOCKS: This sector is extremely strong this morning in an otherwise down market. As we stated in a story last week, investors are now viewing this group as a safe-haven: little Asian exposure, spectacular growth, and rising ad rates. In this group, valuation simply doesn't matter; it has never mattered. If the story is good and the revenues are there, the substantial losses that most of the companies continue to generate are overlooked by the market. And because investors driven by fundamentals tend to short truckloads of these shares, the short-squeeze is always an issue.

Seems to me if you substituted the word "Y2K" for "Internet", except for the part about ad rates, everything else would fit to a "T".

- Jeff
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