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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (4055)	4/29/1998 6:43:00 PM
From: OldHack	Read Replies (1) of 29382

Max. Hope you don't mind if I join the hot air club. I agree with you on many of the IPOs and the internets. There are some shrewd MMs and pros licking their chops and lining their pockets with gold at the expense of us little guys right now. If they don't pull the plug, a market correction almost surely will. Stocks with foolish multiples or no earnings at all are the first to plummet when a bear growls. That's not to say all internet related stocks are bad. The net is supposed to be growing at a 70%+ annual clip. It would be almost foolish not to try to find a company or two to ride that kind of growth. Think I might guess internet shopping could become really big business. It is in its infancy now. Wait until some really good marketers dress up some nice sites; ship at more or less factory direct prices; and develop reputations for good service. Heck, I'd buy. In fact I guess I have (a magnetic back belt). There will probably be internet malls, car finders, insurance companies, etc. For better or worse, the future seems awfully electronic right now. Thanks for the note, OH

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