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Technology Stocks : IFLY - travel sales on the web pure play
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To: Sir Auric Goldfinger who wrote (3919)1/12/1999 12:56:00 AM
From: IFLYer  Read Replies (1) of 4761
 
Who is Auric Stickfinger? A self-described "fun" manager in NYC. Read this:

Message 7057164

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How are the anal-lyst predictions so wrong with regards to Internet stocks? From Internet Stock Review Online, these anal-lysts are so wrong that they ended up flat last year and they also sold out all internet stocks at the end of the year. Big mistake. Read on.

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Welcome.

Let's start out by throwing our cards out onto the table. We sold all
our Internet related stocks on Thursday, December 31st. Mistake. No...huge mistake.
We'll blame it on CNBC which was blaring out ever 20 minutes that day
that, "analysts say that...experts are predicting that...savvy investors believe that...we have seen the peak in Internet stocks." Then there was constant barrage of comparisons to the bowling stocks in the sixties, the personal computer stocks in the 70's and the biotech stocks in the 80's.

To tell the truth though, we usually end every year flat. So we really
can't blame it on CNBC. We like to get out of everything and spend a week or two reviewing our past successes and failures. It's also a good way to break-off any temporary love affairs (never fall in love with any stocks--particularly Internet related ones) which we may have developed during the year.
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