>>I really think the value that has been assigned to AOL/NSCP, YHOO, AMZN, EBAY in particular is ludicrous. Sure I wish I had the crystal ball to have seen this rise, but to obtain the status (financial only) of the world's leading and oldest companies within this short time frame will really put a strain on the "powers that be". I think you will see the "ones who really control the money" pull the plug on these 4 stocks in particular very soon. <<
Soros - It is critical to keep in mind that the so-called "market cap" of these brief shooting stars is an illusion, since they are trading on a very thin float in a manic frenzy that is being driven by a combination of wild gamblers, shills, and clever manipulators out to hoodwink the public. It is hard to say which valuation is the most ludicrous, and even that word hardly does justice to the extreme insult to the intelligence that these joker stocks have become. How could anyone predict that Amazon, for instance, would be blindly bid up to an obscene level, when it is an order-taking website that loses more and more money all the time, and has nary a chance of ever justifying its current price, even many years from now? Or Yahoo, with its daisy-chain revenue stream from its part-owner, not to mention the incestuous cross-revenue game with other websites that has been the scam since day one? Or E-bay, which skyrocketed to an unbelievable price upon going public, when the actual money to be earned by the business is minuscule? And AOL, currently being called a "blue-chip" by the daytime TV tout machine - does anybody care about their history of misinformation, accounting problems, ripping off customers, etc? What a joke the entire lot is, and I can only wish that the public doesn't get burned too badly when the inevitable collapse of this insane bubble occurs.
Again, keep in mind that the market cap you see today will vanish like the mirage that it is, once the panic selling onslaught hits high gear. |
