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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: uu who wrote (199)	12/3/1998 6:57:00 PM
From: donald sew	Read Replies (2) of 99985

ADDI, The huge runup in the internuts will not last. The strong internets will still be around but they will not be trading anywhere near these levels/PE ratios. The internet mania, I feel, is a type of mania that does not come every year. These manic periods, historically, last about 1 year - IE: TULIPS & THE TRADING COMPANIES of several hundred years ago. Granted those examples are ancient and many may feel that such will not apply during this new era. OK, then lets use the example of IOM and NSCP, which after they had their manic period and peaked, it took about 1 year for them to lose more than half of their highest value. IOM got to about 28 and got as low as 3 - which is about a 89% decline. That high level of pricing on the internuts will start to decline soon if it has not already started. Even the good ones will start seeing much lower P/E's. I just look at it as a manic cycle/bubble. The internets will last(good ones), but the bubble promoting these rediculous P/E's will not. Welcome to the thread seeya

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