LT, I stole this from a Big Dog post on the Drillers thread. It's going to be fun watching this market the next couple of months! RE: drillers, They make can go down another 20% from here, BUT as cash starts looking for a place to go, and with any Asia pick up, the OSX will look like a safe place to park some funds IMO. At any rate check this out:
This is from a Yahoo msg board....
Every stock advisor I have seen on CNBC in the past month has advised against
internet stocks. Yesterday, one was talking about what will happen when the collapse
comes. He said that a lot of people think they will be able to sell and get out, but they
won't. Even with a stop loss, there has to be a buyer in order to stop the loss. With no
buyers, the bubble will not go down like a flat tire. It will burst and disappear like a soap
bubble [my analogy, not his].
I listed five companies (FGI, RDC, PGO, VRC, RIG) that could be bought TWICE for
the market cap of EBAY. EBAY had sales last year of 6 million dollars. The five
companies listed had sales of three billion, three hundred and eighteen million dollars. I
hate to belabor the obvious, but that is 550,000,000 times the sales of EBAY. Since
you could buy these companies twice, it is really over a billion times the sales of EBAY.
If your friends do not see that they are on a bubble that is going to burst, your warning is
the most you can give them. They will lose everything. I guess what you have to guard
against is being too smug after it happens. They might slash your tires!
Have a nice weekend all
Mark |
