<<Shonstrom says, "1999 is a toe-in-the-water year. It's a year 2000 buildout story." Anyone who buys into Internet plays should be used to that by now. But ACTV doesn't have a lot of competition at the moment, and its technology is widespread within its industry.">>
Gotta love this: a really good stock story that has a whole year for chapters to unfold around it and continually energize new buyers. What I like about stories, especially ones that won't be substantively resolved until well into the future, is that they feed investors' imaginations with lots of dramatic potential. People will pay for the possibilities, and these possibilities, I think, aren't likely to be derailed by such things as disappointing earnings or a Brazilian stock market debacle or a shiver of inflation trembling the economy. The force of the dream, because so much of it is projected into a glowing future, can power a company's stock beyond rationality because it's virtually protected from having to prove itself as a big earnings producer while it's in the process of building the business and fueling imaginations. And this is why, although I have a great double in a short time, I wouldn't sell a share now. (Now I do believe this and apologize if it seems like loopy hyperbole, which I don't approve of. And to the board's clique of wannabe gatekeepers, you can catch further details at my new Web site: www.repent.com or my soon-to-be newer than new Web site: www. lordylordyRonHarveyspeaketh_and_speaketh.com).
And now, following Mike.com's lead, it's off to Sarasota and Tampa for a week. We simply have to escape this brutal Orange County weather.
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