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Technology Stocks : Data Broadcasting Corp. (DBCC)
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To: SMALL FRY who wrote (1912)1/2/1999 5:23:00 PM
From: Mark[ox5]  Read Replies (1) of 5102
 
Well I think some of the irrational exuberance for some stocks is a joke.

I.e. when a $1 stock announces they will open a web site and it shoots up to $23 in 2 trading days (AAGP)...people who invest in those are simply playing russian roulette and its basically a pyramid scheme... or in playground terms "Hot Potato"... hopefully your not the last one holding the potato.

If your investing in the "real" internet companies... i.e. the AOL's or the Yahoo's of the world you don't have to worry about that sort of exuberance ... yes they go up and down, and probably a lot more than the average stock... but they recover and aren't subject to 1 insignificant news story making them jump up 800% and then down 775% within 4 trading days.

As for the price being 5 to 7 here.. really it was 8 to 12 for the past month so I would use that as the base, not 5 to 7. Also, the IPO is going to provide DBCC with a lot of cash and market value in about 2.5 weeks... which it didn't have before. So if they want to expand or buy things with either cash or their enhanched stock (easier to buy other companies when you have a higher stock price in a stock buyout), this is going to help them.

But I dont think we've reached irrational yet.. but let's check back next Friday ;)

Mark
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