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Strategies & Market Trends : Waiting for the big Kahuna
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To: bearshark who wrote (34280)11/24/1998 9:20:00 AM
From: HairBall  Read Replies (1) of 94695
 
bearshark: : I think you are underestimating human imagination.

Allow me to clarify my statement...The "internuts" are indeed a manic phenomena, nothing more and nothing less...I was speaking about valuations and should have stated so!

I have believed for years, the Internet will change much of the way we live our lives and impact many traditional businesses, heck it already has. I just believe that there is "danger" in the way "internuts" IPO's are reacted to in today's Market.

Companies use to have to prove themselves, at least a little, before a successful IPO would be possible. Now just add “DotCom” on the end of the Company name and one is almost assured of a pot full of capital! This cannot be good in the long run!

With everybody's dog investing via a home PC through the Internet, the "new era" (manic) investing is here to stay, unless someone (SEC/IRS) changes the rules.

Now don't get me wrong, I got down off my "high horse" this year and began to ride the manic elevator up AND down. So far so good! It IS a day traders dream...<g>

Of course, someone has to be loosing money, right?

I think the automobile is more closely linked to an individual's body and the internet is more closely linked to the individual's spirit.

LOL...I don't even know what to say to that...<g>

Regards,
LG
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