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Technology Stocks : Winstar Comm. (WCII)
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To: Alejandro who wrote (9954)1/12/1999 9:27:00 AM
From: Steven Bowen  Read Replies (2) of 12468
 
"I think some of them will be coming down faster than they went up...The crazy thing is that there are companies making money that don't get this market value. Guess I'm old fashioned but I see some tulip bulbs here."

Ali, CNBC or someone the other day said something that cleared up this whole mania with the internet a little bit for me;

They said something like the TOTAL market cap of ALL the internet related companies still only amounts to something like only 1% of the GDP.

There just aren't very many of them, and there aren't many shares of the ones there are.

Yet they hold the future in their hands.

So if you want to play the internet as the future, you don't have many choices.

However, I do think that most of these prices will be similar to the RCA's of old, who saw their highs very, very early in the electronics revolution. Such that even if Yahoo or Amazon end up controlling the world, there may not be much upside left in the stock (ie for the buy and hold investor).
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