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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year
PSFT 0.00010000.0%Oct 29 5:00 PM EST

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To: Marq Spencer who wrote (3719)11/26/1998 1:38:00 PM
From: Chuzzlewit  Read Replies (2) of 4509
 
Brian, it seems to me that internet stocks are the "ultimate greater fool theory" in action. And looking at the posts from investors in this field it seems obvious that there is truth in this assertion. Nobody with any credibility seems to contend that there is sufficient potential business to justify the kind of pricing the market has placed on these stocks.

This is one of my favorite tulips:

biz.yahoo.com

Just look at the "earnings" history and expected "earnings".

TTFN,
CTC
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