LINC - Plenum Communications (was PLNM) Message Board

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Microcap & Penny Stocks : LINC - Plenum Communications (was PLNM)

LINC 24.89

+0.1%

12:02 PM EST

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To: ztect who wrote (242)	5/19/1998 1:54:00 AM
From: Larry Brubaker	of 837

ztect: I also don't buy the suggestions that because this is an internet stock, valuations don't matter, with Excite, Yahoo, etc., as the comparison. First of all, Excite, Yahoo, et. al. are not BB penny stocks. Secondly, the irrational valuations given to those stocks are based on a perception that at some point, their potential profits could justify the valuation. From what we seem to know about this stock, I could see its earnings someday supporting a valuation of $2. Haven't heard enough concrete information to understand why it should ever be a legitimate $10 stock. And one other guess. Whenever there is a real market correction, there will be lots of money to be made shorting stocks with ridiculous valuations like the internet crowd.

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