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Technology Stocks : SkyMall (SKYM)
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To: Tom Hua who wrote (636)12/29/1998 6:50:00 PM
From: Tai Jin  Read Replies (2) of 987
 
FHT has a P/S of 0.47, SKYM's P/S is 5.0, FHT forward PE is 15, SKYM forward PE is 100.

It seems that the so-called investors in this and other Internet related stocks have lost sight of the fundamentals and are now gambling. With all the gambling in Internet stocks these days, it would be no surprise to me if the markets (and especially the Internet stocks) crash next year. And with the unprecedented levels of volatility in many stocks, an unexpected event will bring down these stocks like a house of cards.

It's all right to be a day trader in these stocks, but investors shouldn't buy in to the hype.

...tai
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