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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (42582)5/7/1998 4:48:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (4) of 58727
 
I want to show you people something. I dont care whether Oj wins the bet (except I want some baklava) or TT wins...

but here is what should frighten you about this market...there are people who truly dont care about valuation

To: +lisa (5904 )
From: +Robert Pope
Thursday, May 7 1998 4:16PM ET
Reply # of 5920

Why are you so obsessed with valuating SEEK? You must understand by now that
valuation means NOTHING when it comes to these stocks. Hence Buffett's remarks
'dont rty to valuate.' Don't buy any then, or short it. Look at AOLs market cap -
$18-19 Billion. Can you justify and valuation like that? No. Have people gotten filthy
rich on the rise from 1 bil to 19 bil? Yes. Valuations mean squat. Wall Street always
knows - and its valuating these companies at these levels. Don't try and understand it,
deal with it. I've had phenominal success going long on SEEK. You don't have to... btw,
I'd like to know what web browser you were using 5 yrs ago and who your ISP was
back then. I'm talking 1993 and I think you're full of it!

___________________________

sold my SPTQE for 33....had to stand toe to toe with those SOB's...after 4:00....took the bid down below 31 and change...but they finally coughed it up
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