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Strategies & Market Trends : The Millennium Crash

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To: Jon Matz who wrote (3831)11/25/1998 10:30:00 PM
From: bobby beara  Read Replies (2) of 5676
 
jon, your analysis of the internet is correct. but the growth rate of the internet makes RCA in the 20's look limp.

people (like me - yuk!) who have looked at internets based on traditional valuation have been all wet. the financial press has been bearish on the internets all the way up and they continue to consider it a daytraders environment, while a buy and holder of major internet stocks are richly rewarded.

The computer was a transformational technology and all the major pioneers/players have been richly rewarded.

I would say the effect of the computer revolution is magnified x times thru the internet and the small amount of shares versus the great demand for internets, and the internets impact has created this dramatic price increase in internets.

I think investors are seeing the opportunity here of buying a Microsoft in the 80's and they could be right.

Both AOL and Yahoo have garnered tremendous mindshare and may be well worth their lofty prices, based on the potential. I have noticed that Yahoo has backed and filled and made a base for consequent spike up,

bb
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