Caution is one thing, a short-seller trying to hype the stock downward is another. One obviously needs to be cautious if one's investing their own money in any event. Although this is not the sector for caution, try GE or Coca-Cola or a comfy mutual fund or your passbook savings account. How did Yahoo become $3.5 bil company or AOL over 12 bil.? How does a stock get to 75 from 20? I'll tell you, it goes: 21,22,23,24,25...73,74,75. It sets new highs all along the way. If you want to get out now, fine, be my guest and kudos to you for making $$. This stock is still a buy when you look at the big picture.
And Rev. Green, what the heck are you talking about?? Do you mean to tell me the Internet isn't a revolutionary new way of communicating? Helllooo??? And the phone, fax and TV aren't revolutionary communications tools, either, right? Did you know the Internet is growing quicker and gaining acceptance exponentially faster than TV, Radio, Fax?? Apparently not. Are you comparing the Internet to Biotech companies? The Internet is a COMPLETELY NEW MEDIUM. What are you using right now? What do you use every day? Hellooo? Living in Silicon Valley (& I do) in the 90s is like living in Detroit in the 20s. We are in the midst of a revolution, bigger than the industrial revolution. Helllooo? Yes, right now. I'm convinced a major network, media company (or other search engine or software company) will buy SEEK. What's the REAL downside other than a recent run-up? Good stocks rise. To get to 100 you have to go 21, 22, 23, 24, 25, etc. Caution is well taken, but we don't need naysayers and gloom and doomers predicting the downfall or lack of importance/impact of the 'net (especially on a computer bulletin board!). Right, Marty?! Good luck to all!
-Robert |
