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Technology Stocks : Stock Swap
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To: Andrew Vance who wrote (14681)7/8/1998 4:23:00 PM
From: Proud_Infidel  Read Replies (1) of 17305
 
These last few days decline are just the prelude to a NSCP like crash IMO. Once down, they'll probably remain there for 12+ months. Then I may consider buying, but probably not. What exactly people see in these businesses I have no idea. Growing a business at 70% a year is fine, but profits must be part of the picture and currently they are not. Most of the online retailers will have to sell books, tapes etc at very steep discounts b/c of the stiff competition from other web based retailers, which has me wondering why they are being priced as though they can charge premiums ad infinitum. Personally, I won't go near them, long or short.

BK
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