Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (34617)	1/9/1999 12:04:00 PM
From: SliderOnTheBlack	Read Replies (1) of 95453

marc; RE: Internet Shorting/ I will pile on the trend - not anticipate it... I will not try to ''beat the crowd to the party'' on the short side of the Internet Bubble; I will merely try to ''pile on'' once it starts. I envision it starting off of a crisis similar to the total market crash we just had; if earnings are weak in the US - I see a mid-summer -Sept. major correction at the least. This could see the rug pulled out as fund managers will be pressured to withdraw all speculative funds - it will be a race to sell and lock in ''some degree'' of profits; and this race will be all straight downhill... I could see a 2/3rds devaluation/correction in the Internet leaders like Yahoo, Amazon & AOL - I'd try to play the middle 1/3rd... The weak - imposter companies will get wiped out; these may present the ''home-run'' returns and will get decimated by the short sellers. In due time the Internet will have companies with profits and will trade justifiably at the top end of the PE spectrum - maybe like the overbought techs currently do - 40-80 times earnings - NOT revenue <VBG>.

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