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Technology Stocks : INTERNET MANIA! Day Trading Net Stocks

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To: wiley murray who wrote (136)11/28/1998 10:01:00 PM
From: TWICK  Read Replies (4) of 1054
 
General question for all internut experts. Please don't bash me. It's a serious question I'm not seeing answered on many threads because not too many are thinking about the possibility at this point and the answers I do see are, let's say, silly, immature, or pure hype. The rally is in full swing and times are great, but I always look ahead so I can be prepared for whatever lies in the way of my profits. So here's the question:

What's the general opinion for the sector this coming week and December ? How large can this bubble get before it explodes on us ? Or, are we under the impression that there really is no bubble for this sector. I'm only asking because I'm seeing a major buy frenzy on all lower tier internut stocks that reminds me of a pack of hungry wolfs feeding on a lamb. Almost every stock that barely has a hair in the sector is moving up more than normal. Sector stocks that no one touched a month ago are suddenly the hottest thing to own. ALMI, DBCC, AMEN, and JBRD come to mind. Eventually there will be nothing left to drive these stocks higher. How much higher can ONSL, AMZN, and EBAY go ? We are reaching P/E's that will take us almost a whole generation before they appear resonably priced. I know. I know. You can't value this sector the same as the rest of the Tech stocks, but eventually the run will stop and I want to see it coming before the panic selling starts. That's going to be even more of a frenzy than going uphill IMHO, and I want to have my short position in hand before the frenzy to sell starts.

Hoping this will lead into a great discussion and debate.

TWICK
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