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Strategies & Market Trends : Roger's 1998 Short Picks
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To: oexwa who wrote (7513)4/21/1998 11:13:00 PM
From: phbolton  Read Replies (1) of 18691
 
Interesting perspective (with scary charts): "A company announces it will start selling information on the Internet.
The stock, which has traded at 2 for about a year, jumps higher and
keeps going. After hitting 8, it gets caught up in a buying frenzy as
Internet stocks are all the rage. It hits 27 in no time.

Sound familiar? This is the story of PC Quote (PQT on the Amex). And it
happened back in late 1995. The Internet craze then was caused in large
part by the surge in Netscape shares."

briefing.com
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