>>The weight of that article is meant to panic the naive. All these stocks are having their day in the sun. They are all priced differently from other sectors based on the future, and to exclude one Canadian stock from that exuberance is inappropriate, valueless, and unprofessional. Had he written a balanced article for all internet stocks, I would be of a different opinion <<
Forrester Estimates Worldwide Internet Commerce Will Reach As High As $3.2 Trillion In 2003
Cambridge, Mass., November 5, 1998 . . . Internet commerce stands on the threshold of broad global acceptance. According to new projections from Forrester Research, Inc. (Nasdaq: FORR), worldwide iCommerce sales will reach as high as $3.2 trillion in 2003, representing nearly 5% of all global sales. The projections were announced today at the annual Boston Forrester Forum, the premier Internet commerce event since 1993.
forrester.com
Still, Mr. Adamou says given the lack of rational thinking in the market, it is possible that Bid.Com could climb as high as $7 because of "the greater fool" theory.
---Financial Post
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