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Politics : Ask Michael Burke
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To: Jess Beltz who wrote (40949)12/26/1998 11:36:00 AM
From: Mike M2  Read Replies (1) of 132070
 
jess, one point about many of the internet stocks is there is little or no barrier to entry for some of them. In addition, while large traditional retailers are slow to respond not every business will roll over and play dead to the likes of Amazon-many will fight further pressuring margins for all players including the internet retailers. One obvious point that many i-net bulls seem to overlook is the net retailers will not create new sales but take from the traditional sales outlets so you can guesstimate the upper limits of the sales potential of the net retailers. IMO few i-net players will survive the bursting of the bubble and those that do will trade for pennies on the dollar off their peak prices -wherever that may be. IMO The parabolic run up in the internut stocks is the result of a once in a lifetime mania and a savage short squeeze. Mike
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