Mike, you are thinking logically, and it just doesn't work in a mania.
That said, I do too. Well, how come I have 7 plug ins to view video,and the best video image comes from not using any of them?
Java seems to run video the best,but it doesn't have the sound.
There was an article that rated Real Video down near the bottom(can't remember it).
I love Real Audio,excellent,with the tuner plug in,I can get stations in Hawaii,fairly clearly.
Now on the upside,valuation,logic,anything resembling thinking does not matter. When will this mania end? Anyone's guess,but what would be the fundamental value of any of these stocks if it did?Probably 1/10- 1/20th their present value(YHOO,XCIT,AOL,RWNK).Maybe less,hard to predict where the floor is. Congrats to all you people who can throw logic,and reasoning aside,on these companies,and use pure emotion. But that said,if I were you,I would sell at least my cost basis back,and let the rest fly.
The government will tax telephony,and ISP's,and DSL may shut down the web for a few years(always on,and no room).
Hiram |
