To: Dixie7777 (2715 )
From: ztect Saturday, May 9 1998 4:44AM ET
Reply # of 2720
Dix-
Just ran out of snow....or do I mean Glow.....
INTERESTING READ....
What I found from my experience is not that there are or aren't legitimate Internet companies.
My experience is that for the neophyte trying to ascertain which
ones, someone should buy, he can and never will be able to base his evaluation of these Internet companies on P/E, a point on which we both agree. Plus furthermore, he can't easily distinguish the many shards of glass from the one or two diamonds which is another point on which we agree..
Now having been through Amazon.com site where I 've been clipping my "Recommended Reads" from, I have found their site very easy to use.
What a simple interface...even an idiot such as myself can use it.
I could see how I could run up my credit cards pretty easy except for one key word: Encryptology.
I'm really not to keen on using my credit card over the Internet with keyed 128 bit SSE encryption. Someone intercepts the key...and presto they have your credit card number.
Plus hacking into "protected" databases really isn't all that hard, and thus people shouldn't give anyone some false sense of security regarding password protected identities (have to throw a disclaimer in here to CMA-cover my a@@- I'm lying).
So until there are more sophisticated encryption schemes, I'd suggest, and contradict the author of that article, and state that stocks like Amazon.com are getting way too ahead of themselves in terms of price. Therefore until encryption technologies catch up with search engines, other virtual book stores have time to develop their cyber stores..plus stores with traditional retailing may in the end be more profittable entities. Or, in other words, buy Barnes & Noble and Borders before they too get their online sites up and before encryption schemes come to market.
Now with people purchasing encryption technologies...unless you understand what you're buying....DON'T. Sounds so simple, but is a basic principle of investing that most people largely ignore.
If you want to get a sense of what I feel is legitimate technology
and learn more about encryption go to.
www.meganet.com
like with Internet stocks....buyer beware...there are alot of bogus companies selling snake oil trying to take a shark bite (hint) out of your wallets.
This company I had the opportunity to purchase via a private offering for .(20) cents a share (min $5,000. lots). I didn't buy at that time because I didn't understand the technology and never buy simply on FAITH.
Now that I know better and have at least done enough "dd" to make an intelligent decision...I realize now that I may have made one costly mistake.
Well, you live and you learn.
So, contrary to what some may think about my methods and motivations...there is a lot of thought behind each and everyone of my actions and decisions.
There truly is a method to my madness.
I bought ProNetLink not on faith, but because it is providing an unique service with excellent partners in a sector with seemingly infinite growth opportunities.
And that is also why in spite of any fluctuations in the day to day valuations, I am not letting go of anyone of my shares.
Or, in other words, anyone shorting this stock may know a lot about market games, but they are truly morons.
Plus calling them morons isn't derision, it is empirical.
ztect |
