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Technology Stocks : INTERNET MANIA! Day Trading Net Stocks

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To: Malko who wrote (591)	12/1/1998 10:20:00 AM
From: Tom Allinder	Read Replies (1) of 1054

To All: Let the CNBC fundamentalists bash our I-net stocks. I felt net stocks were getting overvalued too. That is, until last week. I found an interesting new magazine. Get a copy or visit the website at business2.com Net stocks are here to stay for awhile. Many are NOT overvalued. The balance sheet is NOT the most important thing to a new business on the internet or one just moving online. A quote I read recently regarding net stocks: "What was Columbus' return on Investment in the first 30 days? The first 90 days? The first 3 to 5 years?" Probably not good. What is it worth now? The most important thing a business can do is: Become the Market Leader.... The money will come. This means: In the first few years, pour all the money you have saved, all money you can beg, borrow and steal. Nevermind the balance sheet. The balance sheet will take care of itself given lots of up front money and good management and a vision of the future. Tom

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